AgResource Farm Marketing Advice for Tuesday: 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. 3/ Soybean Producers: Hedge 20% of…
** 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…
** AgResource Midday Comment/Analysis: Mixed and low volume has been morning trade at the CBOT with corn, soybeans and wheat futures trading mixed. An early rally effort in wheat has failed to garner any upside acceleration amid non-US wheat fob prices that have been “sticky” to advance this week. Black Sea wheat prices have rallied…
** AgResource Midday Comment/Analysis: Mixed and low volume trade best defines CBOT trading at midday. The summer row crops have witnessed early fund selling with corn in the downside lead, while wheat values rise on the potential for Southern Hemisphere crop losses due to adverse weather. Positioning squaring is featured with directional trends lacking. ARC…
** AgResource Midday Comment/Analysis: Mixed and low volume trade best defines CBOT trading at midday. The summer row crops have witnessed early fund selling with corn in the downside lead, while wheat values rise on the potential for Southern Hemisphere crop losses due to adverse weather. Positioning squaring is featured with directional trends lacking. ARC…
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