AgResource Farm Marketing Advice for Monday: 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. 3/ Soybean Producers: Hedge 20% of 2021…
Summary: In the Sep WASDE, USDA lowered their projection for this year’s Ukrainian corn yield to 7.35 MT/HA (117.1 Bu/Ac). That’s down 1.3% from the previous projection and down 6.3% from last year’s yield of 7.84 MT/HA (125.0 Bu/Ac). The most recent Ukrainian harvest report shows this year’s yields are HIGER than they were a year ago when harvest…
** AgResource Midday Comment and Analysis: Mixed and waiting is the midday CBOT trade with corn bouncing to modest gains while Chi wheat/soybeans sag. The volume of trade is modest as few want to take any risk heading into the weekend. A mixed to slightly higher close in corn is forecast. ** The waiting in…
Summary: In the Sep WASDE, USDA lowered their projection for this year’s Russian wheat yield to 2.69 MT/HA (39.9 Bu/Ac). That’s down 0.4% from the previous projection and down 1.1% from last year’s yield of 2.72 MT/HA (40.46 Bu/Ac). The most recent Russian harvest report shows this year’s yields are a bit HIGER than they were a year ago…
Summary: Next week ’s soybean export inspections are expected to be 675,000 MT (24.81 Mil Bu). If this is correct, that would be up 1% from the previous week. This week’s ship lineup is 1.041 MMT. It is up 59% from last week. There were 24 vessels to-be-nominated (TBN). That is up from last week. This past week there were 2…
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