AgResource Midday Comment/Analysis: CBOT midday values are slightly lower with soybeans tugging values downward on the warmer forecast for the Upper Midwest and the Northern Plains. US/China remains a topic of discussion following the USDA announcement of 581,000 MTs of US soybeans to China. US President Trump stated this AM that that a US/China deal…
AgResource Farm Marketing Advice for Monday: 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 2021…
** AgResource Midday Comment and Analysis: CBOT values are in the green at midday with corn, soybeans and wheat all higher. The volume of trade has been rather meager in corn, but better than expected in soybeans. CBOT soybean futures have led the rally amid rumors that China is asking for offers for US soybeans…
** AgResource Midday Comment and Analysis: Mixed and waiting is the midday CBOT trade with corn bouncing to modest gains while Chi wheat/soybeans sag. The volume of trade is modest as few want to take any risk heading into the weekend. A mixed to slightly higher close in corn is forecast. ** The waiting in…
** AgResource Midday Comment and Analysis: Sideways and dull has been the CBOT with corn, soybeans and wheat trading either side of unchanged. CBOT grain values appear to have reached a level of value until fresh fundamental news is available. Few traders want to expand their risk and US farmers are not willing to sell…
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