Hog futures fell sharply in late week trade as funds continue to unwind their large net long hog position. June hogs were under $80 for the 3rd consecutive day and under the cash index. July through December futures fell the $3 limit, which put the July contract under the 200-day moving average for the 1st…
AgResource Farm Marketing Advice for Friday: 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. The…
Summary: Next week ’s soybean export inspections are expected to be 545,000 MT (20.0 Mil Bu). If this is correct, that would be up 9% from the previous week. This week’s ship lineup is 1.26 MMT. That is up 195% from last week, and it is 34% larger than a year ago. A month ago saw the smallest lineup so far this season. There were 31 vessels…
Highlighting key weather regimes/crop areas the next 2-3 weeks.
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 anticipated 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 AM CDT CBOT…
