AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CBOT Prices: Mar soybeans are up 3.00 cents to $13.73, Mar corn is up 5.75 cents at $5.5275 while March Chi wheat is unchanged at $6.63. AgResource AM CBOT Comment & Analysis: Good Morning! CBOT futures are mostly higher to start the week…
Highlight: Extended-range models continue to flip wet weather northward across drought-parched Central/East Brazil. Arctic air into U.S. in one week! Fig. 1-3: The Mega-cluster Ensemble 15-day “most likely” precipitation anomaly forecasts across South America. South America discussion: Dry climate persists this week across central and east/northeast portions of Brazil while the wet arc is persistent…across…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 3-5 cents higher, corn 1-3 cents higher with wheat called 4-9 cents higher. Sunday Weather and CBOT Market Discussion: Opening week CBOT calls are higher on technical follow through buying along with rumors of new grain export taxes from Russia and additional Chinese purchases of US corn.…
Commodity Index CBR/CCI Index The CBR/CCI index closed higher on Friday. Grains, energy and metal markets were able to hold their gains. Commodity values have been ripping higher since September with the monthly chart below reflecting upside price targets. There is no indication of a CRB top with key support levels holding. The US dollar…
AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Exit 25% of 2021 Wheat Hedges basis July Chi futures at $5.86. ARC feels uncomfortable with being 50% sold as the 2021 Russian wheat crop suffers under a drought. Managed money or fund positions have changed little since late November. The rally in the grain markets…
