** Central US Forecast Wet into Early December; Heavy Snow Due Late Week: The major forecasting models are wetter into Dec 2nd and feature heavy snow accumulations across the north into the weekend. The attached graphic shows NOAA’s updated 72-hour snow probability forecast. Totals of 2-6” are guaranteed to impact; KS, NE, IA, MN and…
** South American Forecast Drier in Buenos Aires, Otherwise Favorable: The EU and GFS models are in good agreement on South American forecast into Dec 10th. A drier trend resumes across much of Buenos Aires moving forward. Soil moisture loss resumes here – yet this will accelerate wheat harvesting in Argentina’s top producing state. Additional…
** AgResource Farm Marketing Advice for Tuesday: 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…
** CBOT values are mixed at midday with the grains firm while soybeans sag on another round of fund selling. The volume of trade is US holiday restrained with January soybeans taking aim at $8.91 chart-based support (uptrend line). Wheat futures are higher on short covering amid the lack of deliverable CBOT receipts and the…
Diminishing upper ocean heat is likely to cause a marginal weak El Nino look in the eastern equatorial Pacific to fade.
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
