AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are down 8.50 cents at $14.05, May corn is down 5.00 cents at $5.335 while May Chi wheat is down 3.00 cents at $6.3925. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Unable to sustain Thursday’s summer row…
Summary: Next week’s soybean export inspections could be 565,000 MT (20.8 Mil Bu). That would be down 4% from this past week. This week’s ship lineup is 252,000 MT. That is down 38% from last week and also a 37-week low. There were 13 vessels to-be-nominated (TBN). That is down 50% from the previous week. This past…
AgResource Farm Marketing Fills for Thursday: 1/ Livestock Producers extended their soymeal coverage to 75 through September as May CBOT soymeal futures fell below $304/ton. Livestock feeders already had 50% of their corn and soymeal needs covered at $3.97 basis March corn and $356/$360 basis March and December soymeal. AgResource Farm Marketing Advice for Friday:…
Models End Day With Wet Argentine Forecasts South Am Weather Risks Shift to Safrinha Corn Late March Onward: The EU/GFS models maintain the arrival of heavy rainfall in Central Argentina late next week. Cumulative totals across key regions of Buenos Aires, Cordoba and Santa Fe are pegged in a range of 1-2”. This will stabilize…
Plains Get Soaked This Weekend; Unwanted Rain Returns to Delta/Southeast: The attached graphic shows the EU ensemble model’s two-week US precip forecast. All models are in good agreement with regards to needed soaking rain/snow impacting the Southern and Central Plains Sat-Mon. Severe drought will be pushed westward. However, the return of heavy showers to the…
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