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/ Wheat Producers: Sell 20% of the 2022 wheat crop at $7.95 basis July 2022 wheat futures. This is our 1st sale for the 2022…
AgResource Farm Marketing Advice for Tuesday: 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/ Wheat Producers: Sell 20% of the 2022 wheat crop at $7.95 basis July 2022 wheat futures. This is our 1st sale for the…
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. Sold net long December corn futures at $5.81. The basis sale was completed mid-summer at a $1.20 premium to September futures. This would…
CBT futures are mixed at midday with corn the upside leader while wheat/soy futures lag. Funds have been buyers of corn/soyoil, but at a much slower pace than recent days. Normally, funds enter/exit markets in 3-day time horizons, and this is the 3rd day of the corn rally. Starting next week, corn and the entire…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBT futures are mixed at midday with corn, soybean, and wheat futures trading both sides of unchanged. December corn futures rallied to sharp early gains with December futures testing key resistance at $5.65-5.70. Traders offer that short sold $5.60 and $5.70 corn calls were blown…
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