** AgResource Midday Market Analysis: A mixed CBOT opening found little follow through amid the concern about future US export demand limiting an early CBOT rally. The combination of supply losses and demand destruction (China’s no longer purchasing US Ag goods) is causing the back-and-forth AM trade. Following Monday’s surprise announcement that China would…
** AgResource Farm Marketing Advice for Monday: 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 corn crop. 2/ Corn Producers: Buy October $4.30 corn calls and sell October $3.80 corn puts at cost of 3.50 cents to protect…
AgResource Farm Marketing Advice for Friday: 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 corn crop. 2/ Corn Producers: Buy October $4.30 corn calls and sell October $3.80 corn puts at cost of 3.50 cents to…
AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell 20% of 2021 corn production at $4.26 basis Dec 2021 corn futures. This will bring 2021 sales to 60% complete. Carryover technical fund selling has pressured the CBOT this morning as funds continue to shed stale length. Wheat has been the downside price leader with…
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% of 2021 corn production at $4.26 basis Dec 2021 corn futures. This will bring 2021 sales to 60% complete. It’s been another morning of sizable losses in CBOT corn, soy and wheat futures. The lack of any meaningful news from this week’s US-China trade…
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