AgResource Farm Marketing Advice for Friday: 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/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales to…
Summary: This week, US soybean export sales rose 683,800 MT. Sales were below the low end of industry expectations. Despite commitments to China being 334 Mil Bu larger than a year ago, total export commitments are the just 66 Mil Bu above a year ago. Export commitments to destinations other than China are down sharply…
Stratospheric warming over northern Canada forecast by the GFS mid-month supports the colder forecast.
Summary: US corn export net sales rose 546,100 MT. Sales were near the low end of trade expectations. Corn export commitments are the third lowest on record. Commitments to Mexico account for 45% of total cumulative sales. However, export commitments to destinations other than Mexico are at a record low. Although “pace analysis” for corn…
AgResource Farm Marketing Advice for Thursday: 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/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales to…
