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%. 6:30 AM CT CBT Prices: Jan soybeans are down 3.00 cents at $12.8925, Mar corn is unchanged at $5.91 and Mar Chi wheat is…
Impressive cold setting-up for the northern states in January.
Argentine Forecast Trend Warmer; Still No Rain Offered to Arg/S Brazil Next Two Weeks: The major forecasting models are consistent that a La Nina-based blocking pattern holding across Argentina and the southern half of Brazil into mid-January. Over the weekend, model guidance trended warmer, with highs in the 90s/low 100s to be common across Arg,…
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%. AgResource has been fielding questions about the 2021 drought across S Brazil and Argentina in recent weeks. Most of the calls are skeptical of…
Central US Pattern Stagnates; Dryness to Persist across Southern Plains/Delta: US weather into early January will be driven by a further strengthening of La Nina, with abnormal warmth/dryness to be ongoing across the southern ag Belt. Complete dryness will impact all but the Upper Great Lakes and far Eastern Midwest into Dec 30th. Better rain…
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