** CBOT values are mixed at midday. Soy futures are holding firm while the grains ease in low volume. The market is adrift with headlines directing daily price direction. Today’s headlines relate to the US/China trade war and that US President Trump is willing to place additional tariffs on China if there is no Phase…
** It’s a different day and a different market. CBOT futures are bouncing with corn, soybeans and wheat futures higher at midday. The increased US export competitiveness in world grain trade has offered support along with end user buying for Q1. US President Trump stated that he is very happy with the state of US/China…
** US/China trade talk worry was reported by CNBC around 7:00 AM CST that turned the headline readers “sellers” after the 8:30 AM CST opening. The news was that Beijing had turned pessimistic on a Phase 1 Trade deal due to US President Trump’s reluctance to roll back Chinese tariffs. China claims that such tariff…
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 15% of your 2019 corn crop if March corn futures reach $4.10. 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…
