New corn export sales have recovered as US supply becomes increasingly competitive in the world feedgrain marketplace. New crop US sales through the week ending August 19 totaled 27 million bushels, vs. 20 million the previous week. Notice that this remains below the pace needed over the next 53 weeks to meet the USDA’s forecast…
AgResource Farm Marketing Advice for Thursday: 1/ Soybean Producers: The last 10% of the 2020 soybean crop was priced on a basis contract in late July, place an order to sell August soybean futures at $13.60 to finish the sale. Filled with a final price of $14.25 including the basis sale of $.85 over vs…
Summary: This week, US soybean export sales rose 1.825 MMT. Sales were above the average of expectations but less than the previous week. About 935,000 MT of new-crop soybeans were sold to China. Sales to unknown destinations rose 588,000 MT. Total cumulative new-crop exports sales (plus an estimate for any old-crop that could be “rolled-over”…
Highlight: Hotter Central Plains days 6-10; cooler North days 11-15. Chart of the day: Rainfall forecast for the Louisiana hurricane. Discussion: Preliminary 5-day rainfall forecast beginning late Friday by the ECM (model) associated with 99L which will become a Gulf hurricane this weekend. The preliminary amount is in the 5-12 in. range across Louisiana and…
Executive Summary: The Climate Impact Company season 1-3 ahead forecast for Europe and Western Russia valid through meteorological spring 2022 is updated. The outlook indicates a warmer than normal autumn but with periods of wet weather over parts of Europe. The Western Russia dry climate and attendant drought continue. During winter 2021-22 a semi-permanent upper…
