AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Wednesday: 1/ No new producer advice. History shows that it takes an extremely high price to ration world corn demand. The attached chart shows that with corn price rising to $8.50 in 2012 that it had a modest impact on world corn consumption. The biggest impact was likely not price…
U.S. Week 2-4 Outlook: Transitional pattern.
Highlight: Transitional pattern. Thermal pattern not locking-in. Wetter trend in-between the Rockies and Appalachian Spine. Chart of the day: U.S. CDD Anomaly 4-Week Forecast Discussion: Still early in the season to generate significant air conditioning demand although after a cool next week the U.S. population weight CDD is above normal for mid-May to early June.…
CBT Expands Overnight Rally; Delta, Southern Midwest Forecast Too Wet
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBT grain/soy futures are sharply higher at midday amid unrelenting cash basis levels and a lack of change in climate patterns across the US Plains, Canada and Brazil. Other breaking news is absent, but there remains no indication that supply issues will be solved for…
