South American Weather Pattern Discussion
Arid Pattern Remains Probable in Arg/S Brazil into Late December: The EU & GFS models are at odds with respect to exact precip totals and coverage in Arg/S Brazil over the next 10 days, but both agree on a pattern of net soil moisture loss into late December. The GFS model’s projected 8-day change in…
AgResource Hog Comment and Analysis
Hog Futures Fall on Weak Pork Prices: Hog futures fell $2-3 to start the week after the pork cutout value fell nearly $7 on Friday. December hogs were down almost $2 but are still trading above the cash index, while February hogs fell more than $3 to start the week. The cash hog index was…
AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. A crop year ago, spot CBOT corn futures rallied to $7.76 for a seasonal June high with US corn end stocks measured by NASS…