AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 crop. CBOT corn and wheat are higher at midday as support has been found at major chart-based support in corn. Open interest in Chicago…
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 crop. It’s been a mixed session in Chicago, with row crops down slightly on the lack of near-term frost risks and with wheat…
** AgResource CBOT Midday Analysis: World wheat prices are pacing the CBOT decline this AM with Black Sea values offered $3-4/MT below where they closed out last week. Russian 12.5% wheat is being offered at $186/MT down $3/MT which has pressured EU and US wheat values to start the week. CBOT corn/soybeans are following wheat…
** AgResource will be Releasing our Weekend Wire this Afternoon via the US Labor Day Weekend. ** AgResource CBOT Midday Analysis: Futures are broadly mixed at midday with corn/soybeans firm while the US wheat futures sag on heady world supplies amid the largest September deliveries in years. Sept Chi wheat has nearly filled an open…
** AgResource CBOT Midday Analysis: Political headlines regarding US ethanol and US/China trade produced sharp gains on the CBOT opening as funds covered recent corn short positions with few resting orders above the market. The CBOT lacks resting orders as the US farmer is bullish and not wanting to sell crops (uncertain on supply and…
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