AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Be prepared if March Chicago or KC wheat futures rally near our long held $8.90-9.20 target to sell 25% of the 2021 crop in the cash market. Formal advice will be offered in the coming days. World wheat balance sheet issues are numerous, with excessive rainfall…
US inflation in 2020 rose for the fourth consecutive year, reaching 3.4% or the highest since 2011. The USDA’s forecasts for inflation for 2021 have been steadily rising all year. In January the projection called for a typical 2-3% increase. In April the projection rose to 2.5-3.5%, and by August the USDA’s forecast had risen…
Thank you for subscribing to AgResource Weekly Newsletter!
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice.  CBOT futures are mixed at midday with KC wheat higher, soybeans weaker and corn caught in between. It’s a typical pre-holiday session in terms of volume & enthusiasm. Firm closes are anticipated. Global crude oil futures have reversed earlier weakness are trading sharply higher,…
Charts of the day: Short-term observed/forecast rainfall. Discussion: Last week heavy rainfall was reported across Northern Argentina and much of Brazil while most Argentina crop areas were dry. The 5-day forecast indicates patchy moderate to heavy rains involving both Northern Argentina and parts of Brazil. Week-2 Ahead Forecast valid November 28-December 4, 2021: Drier trend…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
