AgResource Farm Marketing Advice for Thursday: 1/ No new advice Monday’s Crop Progress report showed that national subsoil ratings were unchanged from last week at 48% short/very short. This was the 3rd consecutive week at that level and the highest for the week since national reporting began in 2014. In the state reporting, MO had…
AgResource Farm Marketing Advice for Monday: 1/ No new advice Managed funds on Tuesday were long a net 100,000 contracts in corn, soybeans, and CBOT wheat combined, and this is the largest net long position in the major crop markets in 17 weeks. The biggest surprise was a net short in wheat of just 52,000…
AgResource Farm Marketing Advice for Friday: 1/ No new advice The EIA’s Monthly Energy Review, released earlier this week, showed another record-setting month of biofuel production in March. B100 production jumped 20 Mil Gal from February and was 7 Mil Gal more than a year ago at 140 Mil Gal. Renewable diesel production was 42…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice The EIA’s Weekly Petroleum Status report showed another week of liquidation from the US’s Strategic Petroleum Reserve Stocks. Stocks fell by 1.351 Mil barrels from the previous week, which was the smallest decline since April, however, it marked the 13th consecutive week of liquidation. Stocks…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice The Case-Shiller House Price Index for April showed a surprising increase of 0.9% from March. This was the 2nd consecutive month-over-month increase and the 3rd consecutive month that the index was unchanged or higher from the previous month. But on a year-over-year basis, the index…
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