Spring wheat futures ended 6 cents higher as another week of cold temps across the Dakotas and MN will delay field preparation and seeding. Winter wheat futures fell moderately amid weak export inspections and as world demand appears to be favoring EU origins. Funds added another 2,000 contracts to their record net short position in…
May corn ended 1.75 cents weaker following unconfirmed rumors that Presidents Trump and Xi wouldn’t Summit Signing would not occur until June. Confirmation of this rumor is lacking and the US continues to report trade negotiation progress. Spot ethanol futures have soared in the last two weeks and this evening ethanol rallied another $.03/Gal. Ethanol’s…
NASS’s Planting Intentions report will be released in just eight trading sessions and ARC looks for a minor 1.1 Mil acre boost in total cropped area. This roughly matches the year-over-year decline in CRP acres. The switch from wheat and soybeans to corn is widely expected, but some minor crop changes are also due this…
Hog futures gapped higher at the open on Monday and marked another day of good gains at the end of another wide day of trade. April hogs traded in a $3.65 range and closed up more than $2. July hogs marked it’s the first close over $90, while December stopped just short of $75. The…
AgResource Daily Farm Marketing Advice for Tuesday: 1/ Corn Producers: Hedge 15% of the estimated ‘19 corn crop if Dec ‘19 futures reach $4.14. This would push 2019 corn sales to 50%. 2/ Corn Producers: Hedge the first 20% of your estimated 2020 crop at $4.24 basis December 2020 corn futures. This our first sale…
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