AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 10.75 cents at $13.4275, Dec corn is down 3.50 cents at $5.5575 with Sept Chi wheat down 3.00 cents at $7.265. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are weaker this morning based on…
Chart of the day: U.S. rainfall needed to neutralize dry PDSI. Discussion: A considerable portion of the U.S. has dry-to-drought soil moisture conditions with large amount of rain required to neutralize that dryness. Included are the entire West, North-central and Upper Midwest U.S. plus parts of the eastern states. Of interest is a drier trend…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. US soybean crop health improved somewhat surprisingly last week. Modest hikes in GD/EX were recorded in Illinois, Indiana, Ohio and even South Dakota. However, AgResource views the coming weather pattern as threatening to additional crop improvement. Very little rain is advertised across the Central US…
Meaningful Rain Absent from Two-Week Forecast; Cooler Temps Unlikely Until August 15: The Central US forecast is broadly consistent with prior output. The major forecasting models agree that a lasting period of warmth and dryness lies ahead into mid-August, with confidence in forecast details low thereafter. NOAA’s 7-day precip forecast attaching. This looming period of…
Global Cash Wheat Market Rallies $30 per ton in 30 Days; Wheat No Longer Feed Product: World cash wheat fob prices have soared along with US and European futures. Wheat market dynamics have changed quickly and significantly and beyond summer wheat will not be allowed to compete for elevated feed use. The market now must…
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