** Central US Forecast Maintains Wetter Pattern Next 10 Days: The forecast is little changed from prior runs. The EU and GFS models agree that a series of frontal systems will trigger a more active pattern of rain/snow this weekend and next week. The EU model’s 10-day snow forecast is attached. Lite/moderate precip begins early…
** South American Forecast Remains Favorable into December: The EU and GFS models remain in agreement on coming soaking rainfall in Central Argentina. Both models also project a needed shift to wetter weather across the Southern half of Brazil beginning next week. The attached graphic shows the EU model’s updated two-week precip anomaly forecast. Cumulative…
** 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…
A tranisnet pattern into early December followed by more widespread heat.
** It’s a different day and a different market. CBOT futures are bouncing with corn, soybeans and wheat futures higher at midday. The increased US export competitiveness in world grain trade has offered support along with end user buying for Q1. US President Trump stated that he is very happy with the state of US/China…
