Soy Rallies, Grains Fall; EPA Announces Biofuel Plan but Details Lacking

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/ Soybean Producers: Hedge 20% of 2021 soybean production at $9.63 basis November 2021 futures. It’s been a mixed session in Chicago,…

Ag Markets Firm at Midday; Brazil Trends Drier, US Trends Wetter

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/ Soybean Producers: Hedge 10% of the 2020 soybean crop at $9.64 basis November 2020 futures. ** FILLED **  3/ Soybean Producers:…

CBOT NASS Reports Bullish on Soybeans and Corn; Market to Recover into October WASDE Report

** AgResource Midday CBOT Commentary and Crop Analysis:   ** Private buyer Chinese pricing of US soybeans off the PNW for December/ January shipment. Estimates of new US soybean sales to China range from 750,000-1.0 MMTs. China issued 0% import quotas for upwards of 1.8 MMTs according to commercial sources on Monday. Look for sales confirmation…