AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 8.00 cents at $13.1825, Dec corn is down 3.75 cents at $5.47, with December Chi wheat unchanged at $7.3925. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Mostly lower are CBT values as the best rain of…
Chart of the day: The 7-day rainfall outlook. Discussion: The ECM 7-day rainfall outlook indicates several areas of excessive rainfall. The rainfall caused by inland-moving “Ida” will easily exceed the model output as >15 in. is likely in Louisiana. Note the arc of the heavy rain is toward the Mid-Atlantic States into mid-next week. From…
Tropical Storm to Impact Gulf Next Week; Intensity of Rainfall in IA, Delta Need Monitoring: The major forecasting models remain in good agreement on the 10-day US forecast. Tropical Depression 9 makes landfall as a hurricane in LA/MS Aug 31 and produces flooding rainfall and excessive winds across the Delta and mid-South during the second…
AgResource Farm Marketing Fills for Thursday: 1/ Soybean Producers: Cashed out of basis contracts set against September futures at $13.60. The basis was set at $.85 over in Central Illinois which combined with the future sale produces a net cash sales price of $14.45. ARC has now completed 2020 US soybean sales. 2/ Corn Producers:…
Argentine Forecast Trends Wetter; Soil Moisture Being Recharged in Southern Brazil: The EU/GFS models are in good agreement. Needed rain will begin to fall across southern and eastern wheat producing regions of Argentina next Wednesday, with accumulations of .50-2.00” offered to key areas of Buenos Aires & Santa Fe. Such rain will act to maintain…
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