U.S. Medium-range Forecast: Warmth weakens temporarily but likely to regenerate in extended-range.

Chart of the day: U.S. gas population weight HDD outlook. Discussion: The forecast trended colder over the weekend including last night. The outlook now indicates a very warm start to January followed by near the 10-year normal for next week and just-after mid-January. January 15-21 is the coldest week of winter climatologically. Medium-range 6-10 Day…

CBOT Rally Accelerates in New Year; Fund Managers Add to Market Length on Sinking US Dollar; Argy Weather Dry

AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Exit 25% of 2021 wheat hedges basis July Chi futures at $5.86.  2/ Corn Producers: Take profits on short March $4.00 corn puts at $.0075/Bu to reduce risk. This short put was entered to cheapen the price of long $4.20 March calls to replace 40% of…

CBOT Called Higher on Worrisome South American Weather Amid the Expectation of New Ag Fund Investment

AgResource Pre Opening Sunday CBOT Market Calls Are; Soybeans 3-5 cents higher, corn 1-3 cents higher and wheat called steady to 2 cents higher. Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are higher on worrisome Argentina and Southern Brazilian weather, and the expectation for a bullish January USDA Crop Report. Only 6…