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%. Managed funds last Tuesday were long a net 422,000 contracts of corn, soy and CBT wheat combined. This reflects new buying of 43,000 contracts…
Summary: Brazil shipped 571,000 MT of soybeans this past week. There were no Argentine exports. Soybean exports from the US were 1.577 MMT. Brazil’s December exports could be 2.87 MMT. USDA’s projection for total exports is a record 87.0 MMT. “Pace analysis” suggest final exports could be 89.0 MMT. There’s still five weeks left in Brazil’s…
La Nina may last into mid-2022 according to NCEP CFS V2.
CBOT futures are sharply higher at midday on a combination of fresh investment demand and growing concern regarding South American weather. European rapeseed and rapeseed oil are sharply higher to limit up. The story in tightening world vegoil supplies is ongoing with Canada crushing its 2021 canola crop too quickly. The risks are growing that…
AgResource Farm Marketing Advice for Monday: 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%. 6:30 AM CT CBT Prices: Jan soybeans are up 14.50 cents at $13.465, March corn is up 7.25 cents at $6.13 and March Chi…
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