AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are up 20.50 cents at $15.83, July corn is up 7.50 cents at $6.825 and July Chi wheat is up 7.50 cents at $6.95. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are higher with soybean…
North-central U.S. drought worsens! Fig. 1-4: U.S. percent of normal precipitation forecast by ECM ENS for days 1-5, 6-10 and 11-15 and where U.S. drought regions are located. North-central U.S. in trouble: The northern Great Plains spring wheat crop zone observes worsening drought conditions through mid-June. The worsening drought is caused by lack of rain…
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AgResource Farm Marketing Advice for Thursday: 1/ No new advice. We can all learn something from the May corn futures expiration process. May corn futures held in a broad range ahead of the April Index fund roll and the April WASDE Report on April 13th. Thereafter, corn/soybean futures rallied sharply as the cash market traded…
No Sign of North American Pattern Change into June 16: The Central US forecast is consistent with prior output. The better performing EU and Canadian models feature hints of lite precip across the Eastern Midwest June 10-12, but the Plains, Western Midwest and Canada will labor under heat/dryness throughout the next two weeks. NOAA’s 8-14…
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