AgResource Farm Marketing Advice for Friday: No new advice. CBT volatility continues to be astounding with a lack of resting orders and massive fund trading pushing values higher and lower than fundamentals suggest. The high-octane marketplace will defy trade expectations on price into the end of the summer. W Midwest farmers are shocked by today’s…
Risk off and Uncertain Central US Weather. CBT futures are sharply lower at midday as funds take risk off the table. Soybeans, soyoil, corn and even wheat futures are sharply lower on the prospect of Central US rains and a firming US dollar. Gold has dropped more than $90/oz to best reflect the “get me…
Discussion: NOAA/CPC released their latest long-lead climate probability forecasts earlier today. The outlook for July includes anomalous heat risk across most of the U.S. except the wet soil moisture region of the northwest Gulf States to the Missouri Valley (Fig. 1). The highest risk of anomalous heat is across New England. NOAA/CPC indicates a wetter…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are down 22.50 cents at $14.26, July corn is down 20.0 cents at $6.53 and July Chi wheat is down 10 cents at $6.5275 AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are sharply lower as…
Chart of the day: NOAA/CPC continues to highlight the western U.S. (except for the coast) with extreme heat risk the last 7 days of June. Medium-range 6-10 Day Forecast Valid June 22-26, 2021 Medium-range 11-15 Day Forecast Valid June 27-July 1, 2021 Discussion: The 6-10-day forecast remains hot in the West, most-focused on the Northwest.…
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