AgResource Farm Marketing Advice for Wednesday: 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…
Despite above normal snow cover during November across North America most of the past 10 years following winter in the U.S. has averged warmer than normal.
CBOT values recovered from early political selling related to US President Trump’s comment that he could live without a US/China trade deal until after the 2020 US election! The potential for another year of an escalating US/China trade war produced broad selling across the US equity and commodity markets. And US Commerce Sec Ross indicated…
Summary: China’s “spot” soybean crushing margin today was 87 Yuan/MT, down 14 Yuan from a week ago. The “forward” margin was 121 Yuan/MT, down 83 Yuan from the prior week. The forward margin was 68 Yuan below what it was a year ago. Domestic soyoil prices rose 0.3% but remained below the two-year high set three…
The North-central and Midwest U.S. trend colder in today’s outlook.
