AgResource Weekly Newsletter, Nov 8
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Blizzard Hits Northern Plains; Drought to Stay in Place Across HRW Belt: The Central US forecast is consistent with prior runs. A somewhat rare late autumn blizzard will rip through the Dakotas and MN in the next 72 hours, while a broadly drier trend resumes elsewhere across the Central US. Mississippi river levels will be…
AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell another 20% of the 2022 corn crop if March corn futures reach $7.15. This would push 2022 corn sales to 60%. 2/ Wheat Producers: Sell another 20% of the 2022 wheat crop if December Chi wheat reaches $9.74. This would push 2022 wheat sales to…
South American Forecast Stays Favorable; Follow-Up Showers across Argentina: The EU & GFS models maintain soaking rainfall in Argentina Nov 11-14, with cumulative totals pegged upward of 2-3” in key areas of La Pampa and Cordoba. Lesser but still welcomed totals of .50-1.50” are offered to the remainder of Argentina’s Ag Belt. And there are…
The condition of the US winter wheat crop is concerningly low across the Southern Plains and swaths of the Midwest, where in IL the crop on Sunday was pegged at 34% GD/EX and in OH the crop was just 51% GD/EX. The crop on a national basis is rated the worst on record for early…
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