China Rumored to Be Buying/Bidding for Ukraine Corn for Jan-June; Russia Wants to Slow Wheat Trade; Brazilian GMO Decisions on Argy Wheat Thursday

AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%.   2/ Corn Producers: Sell 20% of 2021 corn production at $5.84 basis March corn futures.  3/ Soybean Producers: Sell 20% of the 2021 soybean crop…

AgResource Mid-Day Commentary; Soybeans Test Key Support at $11.75-12.00 January, Wheat Rallies on Tightening World Stocks; Corn Caught In-between

CBT ag markets are mixed at midday with wheat futures higher while soybeans sag to fresh lows on pre-USDA report positioning. The trade is expecting a bearish USDA November crop report as the US soybean yield rises at least .5 BPA and demand is cut by USDA adjusting exports lower by 50-75 Mil Bu (according…

AgResource Mid-Day Commentary: Grain Rally Fails; Fresh US Export News Absent

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%.                     2/ Corn Producers: Sell 20% of 2021 corn production at $5.84 basis March corn futures.                                                  3/ Soybean Producers: Sell 20% of the 2021…

AgResource Mid-Day Commentary; CBOT Slides Sharply On China Demand Concern for US Soybeans; Corn/Wheat Follow on Fund Selling

AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%. 2/ Corn Producers: Sell 20% of 2021 corn production at $5.84 basis March corn futures.   3/ Soybean Producers: Sell 20% of the 2021 soybean crop…