AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 4.50 cents at $12.82, Dec corn is down 5.50 cents at $5.12 with December Chi wheat down 3.25 cents at $6.8525. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! It has been a mixed overnight trade as…
Fig. 1: Morning weather satellite view of the Gulf of Mexico. Discussion: At 5AM EDT, Tropical Storm Nicholas was located at 25.5N/96.6W or about 45 miles southeast of the Rio Grande. Nicholas is moving north-northwest at 14 mph with top wind near 60 mph and surface pressure 1001 MB. Nicholas appears to be strengthening as…
Fig. 1-2: ECM rainfall forecast for U.S. AG Belt for days 1-5/days 6-10. U.S. discussion: Tropical Storm Nicholas moves inland on the central Texas Coast Monday night possibly as a minimal hurricane. 10-20 inches of rain is possible on the central Texas Coast to the TX/LA state line. The heavy rains extend northward to…
More Gulf of Mexico disruptions. Great Plains is very warm/mostly dry. Discussion: Tropical Storm Nicholas formed in the northern Bay of Campeche a few hours ago. The initial NOAA/NHC forecast track (Fig. 1) indicates a northwest-to-north trek into the Texas coast moving slowly and causing a long duration extreme rain. Louisiana is also hard-hit with…
AgResource Pre Opening Monday CBOT Calls Are; Soybeans steady to 3 cents higher, corn steady to 2 cents higher with wheat called 1-2 cents higher. Monday Weather & CBOT Market Discussion: Opening week CBT calls are steady to slightly higher as the world reacts to Friday’s USDA September Crop Report. Investment managers and traders in…
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