South American Weather Pattern Discussion
South American Forecast Stays Favorable into Second late November; La Nina Impact to Intensify in Argentina/S Brazil in December: The South American forecast is consistent with prior runs in keeping a pattern of above normal precip intact across Central and Northern Brazil. Follow-up showers impact Central and Northern Argentina next Mon-Wednesday with totals of .50-1.00”…
AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Tuesday: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 at…
AgResource Global Corn Market Discussion
Chinese Corn Market Finds Fresh contract Highs; Harvest Challenged by Snow: Dalian corn futures ended China have rallied to newer seasonal highs, with the January contract there reaching $10.75/Bu today. This is a record high price for early November and seasonal corn price trends in China are positive into spring. Dalian corn’s premium to spot…