AgResource Weekly Newsletter, Feb 17
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
AgResource Farm Marketing Advice for Thursday: 1/ Soybean and Corn Producers: Exercise March $10.80 and $13.00 March soybean calls into Long March futures – and then roll them into May futures at 1 cent March under. Exercise long March $4.20 corn calls into March futures and roll into May Corn futures at a 2-cent premium.…
South American Climate Stuck into March; Drynes Worry on Argentina/S Brazil: The EU & GFS models are consistent with each other and prior runs. La Nina-based dryness will persist across Argentina as well as the southern third of Brazil. Normal/above normal rain will continue across Central & Northern Brazil. The attached graphic displays the GFS…
World Wheat Prices Jump on Tightening EU Supplies; Forward Guidance Absent on Russian Tax Uncertainty for New Crop: EU fob wheat prices have recovered since early February amid firm interior cash prices as the immediate impact of Russia’s export tax will shift world demand elsewhere. The US market is flirting with finding non-traditional business, but…
World beef trade has been steadily rising in recent years, gaining in 8 of the last nine years. The USDA forecast another increase in 2021, putting total global beef imports at a record 20.5 Bil Lbs! All the increase in global beef exports has come from rising China imports over the last decade. In 2011,…
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