“Trend yield” is a term that is often used within the trade to refer to yield expectations for the upcoming year. However, the numbers associated with that term can vary greatly depending on how each analyst calculates the trend. The USDA’s new crop yield estimates in the May-July reports are modeled guess of what the…
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. CBOT futures remain strong but price movement during the AM session has been limited. Neither the bulls nor the bears desire to add to already-held positions amid Central US…
+PDO and +AMO support late summer dryness in the Corn Belt.
Summary: US ethanol production slipped 2.6%. Ethanol stocks grew 1.4%, rising for the fourth week in a row. Blender demand is estimated to have risen 3%. Ethanol producers’ margins on Jul 22 were 2.6 cents/gln, down from the previous week’s 10.80 cents. Blender margins were 3.63 cents, down from the previous week’s 3.72 cents/gln. The…
Using the mega-cluster (most likely forecast) model the U.S. pattern flips to a Western U.S. ridge while the Europe heatwave ends.
