U.S. Medium-range Forecast: Warmer East of Divide
The very warm forecasts continue.
Early AG Market Wire: Remains of Imelda Stretch Into Eastern Corn Belt
Remains of Imelda cause rainfall to extend inland to Illinois by weekend.
2nd Case of ASF For South Korea; GASC in for World Wheat; Brazilian and Central US Weather is Favorable
** AgResource Farm Marketing Advice for Wednesday: 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%…
AgResource Hog Comment and Analysis
Hog Futures Give Back Monday’s Rally: CME hog futures reversed course and closed lower on Tuesday. December hogs tested the 200-day moving average just after the open and were down the $3 trading limit at the close. The CME Lean Hog Index was $1.23 lower at $58.48, and we estimate $.99 lower for Wednesday. The…
AgResource Wheat Comment and Analysis
Wheat Ends Lower; US Still Expensive in World Market: Dec CBOT wheat ended 4.5 cents lower. Follow-through buying interest was lacking amid weakness in energy markets and as the world cash wheat market remains rather stagnant – and will well below US Gulf wheat offers. The attached graphic shows that the European futures market has…
