AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. CBOT futures remain strong but price movement during the AM session has been limited. Neither the bulls nor the bears desire to add to already-held positions amid Central US…
AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Sell 20% the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. CBOT futures at midday are steady but little changed. There’s talk circulating that RMA indemnity payment data suggests total Prevent Plant for all crops will reach 15-20 Mil…
AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: Sell 20% the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. CBOT markets have extended overnight losses in weak volume on better than expected rainfall in southern IL and IN and as midday GFS output maintains scattered showers this…
** AgResource Midday Market Analysis: Short covering amid uncertain long-range Central US weather has lifted CBOT futures to end the week. Soybeans are the upside leader on short covering with corn/wheat in tow. The volume of trade has not been large and there is no passion for new length. Resting sell orders are limited as…
** AgResource Midday Market Analysis: The demand bears came out in force this morning with corn posting double digit losses amid poor US weekly export sales and a new round of rain for WI/N IL and N IN. In bits and pieces, the Central US is getting water, but more will be needed and there…
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