CBOT futures are mixed at midday in moderate volume with everyone trying to guess if China will secure US ag goods (if anything) following Wednesday’s Phase 1 Agreement signing. The bulls argue that China will make purchases prior to their January 25th Lunar New Year holiday with the bears claiming that China will sign the…
CBOT futures are mixed at midday in thinning volume. Long soybean/short corn spreads are being unwound which is rallying corn and pressuring soy futures. CBOT corn open interest has increased sharply in the past few trading session with a gain of over 21,147 contracts recorded on Friday. ARC notes that much of the increase has…
AgResource Farm Marketing Advice for Friday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 20% of your 2019 corn crop if March corn futures reach $3.95. This would push 2019 corn sales…
AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales…
CBOT futures are mixed at midday with soybeans firm while corn and wheat sag. The volume of AM trade is abysmal with few traders wanting to take on any new risk ahead of the USDA January Report out on Friday. Most discretionary traders have not returned to trading and are awaiting both the USDA’s Friday…
