US Exports a Record Amount of US Soybeans in October of 420.4 Mil Bu; China the Big Buyer/Shipper; Traders to Assess N Brazilian Rain on Sunday

Excluding soyoil, CBOT futures are sagging in Friday’s midday trade with corn/ wheat the downside leaders. USDA’s FAS did NOT confirm any fresh Chinese buying of US corn, soybeans or wheat – which was rumored on Wednesday.  Exporters have 48 hours to report new sales that are kept on their US books. Multinational exporters can…

Row Crop Markets Rally; Global Oilseed Balance Sheet Tightens Further Amid Lower Canadian Production

AgResource Farm Marketing Advice for Thursday: 1/ No New Advice      CBOT ag values are mixed at midday, with markets digesting this week’s FAS export sales report along with final Canadian production numbers posted by Stats Canada. The extended range Brazilian forecast also maintains an erratic pattern of rainfall across Mato Grosso and Goias beyond…

China Buying US Corn for April-Soybeans for January with rumors of interest in US HRW/SWW Wheat; Midday South American Forecast Little Changed

AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Exit 20% of 2021 corn hedges at $4.06 basis Dec ’21 futures for a 3.50 cent gain ( Filled at $4.055). For the remaining 30% of the estimated 2021 corn crop sales, sell May $4.00 corn puts at $.12 to raise the selling price on the…

Ag Markets Fade from AM Highs; New Export Demand Lacking; Egypt Buys Black Sea Wheat

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice.      CBOT ag markets are near unchanged at midday. No new export sales were announced this AM. Brazilian weather, on the margin, will be improving, but cumulative rainfall this season remains well below prior years and average across key producing regions of South America. A…

Improved Rainfall Prospects for N and C Brazil Beyond the Weekend Pressures CBOT; The US to Export More than 1.0 Bil Bu of Soybeans Sept-November

CBOT corn, soybean and wheat futures fell sharply on Monday on long liquidation based on the hope for better rain across some of the drier areas of N and C Brazil next week. The bulls had become frustrated with the inability of January soybean futures to push above $12.00 and with the new prospect of…