AgResource Weekly Newsletter, August 13
AgResource Weekly Newsletter, August 13
China’s Soybean Crush Margins Rise Above Break-even on Surge in Product Prices.
Summary: China’s “spot” soybean crushing margin yesterday was 67 Yuan/MT, up 69 Yuan from a week ago. The “forward” margin was 31 Yuan/MT, up 46 Yuan from a week ago. Also, the forward margin was 45 Yuan above what it was a year ago. In the August WASDE, the USDA lowered its projections for China’s old-and-new crop…
December Corn Slides into Key Chart Gap at $3.77-3.80; Soybeans Higher on US Tariff Withdrawal for Consumer Items; KC Wheat Nears 10 Year Lows
** AgResource CBOT Midday Analysis: Widely mixed has been the CBOT this morning with a sprinkling of trade politics mixed in as the USTR announced that it would delay tariffs on itemized Chinese products until December 15th. The Chinese products impacted are tech related like; cell phones, laptops and other similar goods. The news caused…
Post CBOT Report Trading Continues with Dec corn to target Chart Gap at $3.77-3.80; Central US Weather Features Better Rains
** AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. ** 6:30 AM CDT CBOT Prices: November soybeans are up 6.00 cents at $8.85, December corn is down 11.50 cents at $3.815 and…
U.S. Medium-range Forecast: Warmth Shifting West.
U.S. medium-range forecasts trend warmer West.
