** AgResource Pre-Opening Sunday Calls: Soybeans 1-3 cents lower, corn 1-2 cents lower with wheat called steady to 2 cents lower. ** Weekend Weather & CBOT Market Discussion: Opening week CBOT calls are slightly lower on Friday’s poor technical close and the planting progress that Central US producers scored over the week and weekend. ARC…
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.23. This would push sales of the 2020 US corn crop to 60%. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. Higher…
** AgResource Farm Marketing Advice for Friday: 1/ Corn Producers:Sell 20% of the estimated 2020 corn crop at $4.23. This would price 60% of the 2020 corn crop. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. ** 6:30…
There is potential for a drier climate in the medium-range – but first, another wet event.
Summary: Next week ’s soybean export inspections are expected to be 1.05 MMT (38.6 Mil Bu). If this is correct, that would be up 47% from the previous week. This week’s ship lineup is 803,000 MT. That is down 36% from last week, but it is 38% larger than a year ago. A month ago saw the smallest lineup so far this season. There were 28 vessels…
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