AgResource Weekly Newsletter, Sep 19: Analysis of US Corn, Soy Basis Levels
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report we take a look at how current US basis levels compare to history.
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report we take a look at how current US basis levels compare to history.
World Wheat Markets End Weak; Australian Drought Fear Growing; Egypt’s GASC Tenders for November Shipment: Wheat futures in Chicago and Paris ended $.05-.08/Bu lower on Tuesday. Confirmation that the first vessel in months has left Ukraine carrying wheat was digested. Other news is lacking. However, Russia is unlikely to passively watch Ukraine export grain in…
Hog Futures Rally on Technical Buying: CME hog futures were higher on Tuesday as fund buying narrowed the difference between CME values and the cash hog index. December led Tuesday’s rally to gain just over $1.80, while October hogs closed back above the 200-day moving average. The cash hog index was down $.12 on Tuesday…
CBOT Corn Recovers on Lack of Producer Selling, CONAB Brazilian Estimate; Dec CBOT corn ended 4.5 cents higher. Midwest farmer selling is absent amid the current market’s discount of $1.18/Bu to revenue insurance guarantee. ARC estimates managed funds short position on Tuesday at 140,000 contracts vs. 135,000 last week, and it’s difficult to identify the…
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?