Summary: Today, Egypt’s GASC purchased 240,000 MT of wheat from Romania and Russia for shipment in Nov 11-30. The average FOB price paid was $320.51 MT. That is up $7.42 MT from the average price paid at the tender held a month ago. This is the first time in 6 months that Russian wheat captured…
CBT futures opened strongly higher with brokers reporting a push of new money into the space. Corn, soybean, and wheat futures rallied until that fund inflow ended with values then settling back into the red. Wheat futures have held in the black awaiting the results from Egypt’s tender for November fob wheat. The fall in…
Summary: US ethanol production surged 6.5% and is 1.5% above 2019. Ethanol stocks declined up 1.4%, more than expected. Gasoline consumption was up from the previous week and was just 0.3% less than in 2019. Blender demand was unchanged. ++++++++++++++++ US ethanol production, through the week ending last Friday, totaled 288 Mil Gal, up 19 Mil…
Chart of the day: GFS ENS/ECM ENS day 6-10 forecast temperature bias for the past 30 days. Discussion: The GFS ENS day 6-10 forecast during the past 30 days has shown a consistent warm bias across much of the U.S. (except the Northeast). Conversely, the ECM ENS has shown a cool bias mostly over the…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 3.50 cents at $12.54, Dec corn is up 3.00 cents at $5.405 with December Chi wheat up 4.00 cents at $7.4875. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are slightly higher as palmoil futures…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
