AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CBOT Prices: March soybeans are up 9.50 cents to $13.79, March corn is up 6.75 cents at $5.2875 while March Chi wheat is up 3.00 cents at $6.7075. AgResource AM CBOT Comment & Analysis: Good Morning! CBOT futures are higher this morning…
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AgResource Farm Marketing Advice for Thursday: 1/ No New Advice. The change in world grain and oilseed production for 2020/21 is the 2nd largest in record, only exceeded by the dire US drought in 2012 when soybean futures reached $18.00 and corn reached above $8.00. Today’s prices appear to be paltry to 2012 – especially…
South American Forecast Maintains Return of Dryness in Argentina, Mato Grosso; Heavy Rain Favors Southern Brazil: The EU/GFS models are consistent with prior runs and in broad agreement on the two-week pattern in South America. High pressure Ridging will be anchored aloft far Eastern Brazil into the weekend. This will funnel heavy rainfall into Mato…
Wet Central US Spring Desired Ahead of Seeding, Winter Wheat Growth: Short- and long-term US climate forecasts maintain that meaningful precip will favor areas north and east of the primary HRW Belt. Heavy rainfall is due across the Delta/Southeast on the weekend, with totals of 1-2” offered to AR, LA, MS and TN. 16-30 day…
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