Summary: Last week Brazil exported 723,000 MT of corn. Argentine exports were 1.27 MMT. Ukraine shipments were 310,000 MT with US exports at 766,000 MT. Brazil’s total corn export “commitments” are 17.16 MMT vs 32.28 MMT last year. Commitments rose 1.1 MMT, the 2nd week in a row that commitments increased 1 MMT. Commitments have accounted…
Summary: Today, Egypt’s GASC purchased 600,000 MT of wheat from Romania, Russia, and Ukraine for shipment in Jan 9-20. The average FOB price paid was $352.47 MT. That is up $5.40 MT from the average price paid at the tender held two weeks ago. The average CIF price paid in today’s tender was $378.33 MT. That’s…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBT ag markets are weaker again at midday as liquidation persists amid a sharply rally in the US dollar. Crude and gasoline futures remain firm but are well off session highs, and otherwise liquidation has been spread across the global commodity sector. Renewed concerns…
Over the weekend the U.S. medium-range forecast trends warmer (in the East).
AgResource Farm Marketing Advice for Monday: 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%. 6:30 AM CT CBOT Prices: March soybeans are up 6.00 cents at $12.69, March corn is down 1.50 cents at $5.9025, and March Chi…
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