CBT Soy Oil Priced at Parity with Palm; EU Rapeseed Oil Price Soars: CBT soyoil futures this week have followed global energy markets lower. Additionally, general malaise surrounding CBT soy futures has spilled into the soyoil market as US soy stocks continue build. Yet, ARC is turning more bullish of soyoil below $.60 per pound…
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%. 2/ Corn Producers: Sell 20% of 2021 corn production at $5.84 basis March corn futures. 3/ Soybean Producers: Sell 20% of the 2021 soybean crop…
Additional Argentine Rainfall Probable in Mid-November; Normal Brazilian Rainfall Contines: The South American forecast is consistent with prior runs and remains generally favorable into the second half of November. Daily tropical showers will be ongoing indefinitely across Mato Grosso, Goias, Mato Grosso do Sul and Minas Gerais. Positive soil moisture anomalies will be expanding in…
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