Row Crops Score New Highs to End 2020; Argentina Stays Dry; Below Normal Precip Offered to Mato Grosso

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AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Exit 25% of 2021 wheat hedges basis July Chi futures at $5.86. ARC is uncomfortable with being 50% sold in new crop wheat amid the struggling Russian crop. 2/ Corn Producers: Take profits on short March $4.00 corn puts at $.0075/Bu to reduce risk. This short…

Argentine Gov’t Blocks New Corn Sales into March 1st: China Soymeal Futures to New Historical Highs; Argentine Drought to Worsen into Mid-January

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AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Exit 25% of 2021 wheat hedges basis July Chi futures at $5.86. ARC is uncomfortable with being 50% sold in new crop wheat amid the struggling Russian crop.  2/ Corn Producers: Take profits on short March $4.00 corn puts at $.0075/Bu to reduce risk. This short…