AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: ARC rolled a 10% cash basis sale for the 2020 crop from September to December at a 2 cent premium in late August. Sell out the net long December corn futures at $5.81 or better. The basis sale was completed mid summer at a $1.20 premium…
The high today is $10.81, on way to test 2012 high of $11.20. The all-time high was $24.25 (set in Feb 2008). North American spring wheat production is down 42% from last year and is the lowest in 19 years. Spring wheat production in Russia and Kazakhstan is also down 8%.
Temperatures in parts of Argentina are hitting record highs for late October. USDA is projecting that Argentine farmers will plant a record area to corn and produce a record crop of 53 MMT, up from last year’s 50 MMT. Seventy-two percent of the crop is projected to be exported. La Nina is expected to have…
The national average price of gasoline in the US is nearly $3.50 gln, the highest in over 6 years. Rising gasoline prices are contributing to multi-year highs in weekly US ethanol production. USDA is projecting ethanol corn grind will be 5,200 MBU vs 5,032 MBU last year. Some analysts have estimates as high as 5,425…
USDA will release selected tables of its 10-Year Projections on Nov 5 at 3 PM (EDT). I’m not sure what “selected” tables will be released but here are the Top 3 things I’ll be looking for: US 2022 corn and soybean acres, US biofuel consumption of soyoil next 5 years, and China imports of corn…
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?
