AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 AM CBOT Prices: Mar soybeans are down 8.00 cents to $13.5725, Mar corn is down 3.25 cents at $5.46 while March Chi wheat is unchanged at $6.51. AgResource AM CBOT Comment & Analysis: Good Morning! It has been a mixed overnight of trade. CBOT…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. The 14-day GFS/EU models are both indicating a below normal rainfall pattern for Argentina and S Brazil for the next 2 weeks – which follows the historical anomaly that La Nina spurs late season droughts. The weekly EU model maintains this dry weather trend through…
Complete Dryness Returns to Argentina; Brazilian Rainfall to Improve Soil Moisture/Slow Harveset Progress: The EU/GFS/Canadian models are in good agreement on the 10-day South American precip forecast. High pressure Ridging exits Eastern Brazil by mid-week. This will force rainfall northward into Mato Grosso and Goias and allow for harvest progress to resume across RGDS &…
Minor Oilseed Values Explode to Score Fresh Highs: CBOT soybean futures have paused ahead of China’s Lunar New Year celebration, which begins in two weeks as Brazilian exporters have been active in adding to existing forward sales commitments. However, there is risk that recent Brazilian sales will be shifted back to the US as the…
The beginning of February marks the start of the countdown for new crop insurance base prices. Producers will use 5 year average yields and an average of the daily closing prices for December corn futures and November soybean futures during February to calculate their revenue guarantee from the Federal Crop Insurance program. Program signup begins…
