US and other world fertilizer prices this week have started to slow after reaching multi-year highs Central Illinois retail farm fertilizer prices were mixed at mid-month. The average anhydrous ammonia price was up $10.62/ton from the start of the month at $1,445/ton. However, bullish momentum looks to be slowing. The mid-month price for 28% was…
NOAA reports a record 55 gusts of hurricane force associated with a wicked storm in the Great Plains yesterday.
CBOT futures are higher at midday with corn, soybeans and wheat pushing upwards on new speculative buying and concerning South American weather. The sale of 20,000 MTs of US soyoil to India was a surprise. The sale helped confirm that US soyoil had become too cheap relative to other oils. The US cannot afford to…
Summary: US corn export sales were a marketing year high of 1.95 MMT (77 MBU). That was at the high end of the range of trade expectations. Cumulative export commitments are 1,536 MBU, the 2nd highest ever. In the December WASDE, the USDA left their projection of US exports unchanged at at 2,500 MBU. ARC…
Expected snow cover expanse should bring colder weather to the northern states later December.
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