Central US Trends Cooler mid-October; Rain Added Next Week: The Central US forecast is cooler in the 11-15 day period. ARC’s confidence in this shift is rising as the EU model has followed the GFS in projecting frost across the Northern Plains and Upper Midwest Oct 11-12. The EU model’s minimum temp forecast on Oct…
AgResource Farm Marketing Fills for Thursday: 1/ Soybean Producers: SOLD 10% of the 2020 soybean crop at $9.64 basis November 2020 futures AgResource Farm Marketing Advice for Friday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/…
Summary: If you can believe the data, Ukraine’s wheat exports in September are estimated to have been a record 4.56 MMT. This impressive performance is not likely to be exceeded this year as Ukraine’s logistics are expected to switch over to corn shipments. However, the pace of wheat exports to date suggest that the USDA’s…
More dramatic rainfall forecast changes are likely in the medium-range across Argentina and Brazil.
AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Soybean Producers: Hedge 10% of the 2020 soybean crop at $9.64 basis November 2020 futures. ** FILLED ** 3/ Soybean Producers:…
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