The December International Trade Report showed US soybean exports in October amounted to 386 million bushels. This was 42 Mil Bu less than last year’s record-large October rate, but still the 2nd largest on record. The surprise in the data was that the Census Bureau’s count on exports was 8.4 Mil Bu less than the…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. China’s currency – the yuan – has been rising amid their Central Bank’s recent stimulus to boost stabilize economic growth. The Chinese Central Bank…
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CBT ag markets continue to chop, with grains steady/higher and old crop soy futures down 10-14 cents at midday. Soybeans are sagging as rumors out of the Biden Administration suggesting that long awaited biofuel mandates will be released later today. The rumors have new mandates not making the US biofuel industry happy. Potential bad biodiesel…
Perdue University’s monthly Ag Economy Barometer shows a further decline in farm sentiment during the month of November. The Ag Economy Barometer was down 5 points from October at 116 and was down 51 points (31%) from a year ago. The index of Current Conditions marked the largest decline, falling to a 15-month low of…
