** General Market Comment: CBOT prices are recovering at midday following news that US President Trump called Chinese President Xi had a good talk this morning to confirm a face to face meeting at G20 next week. The Chinese media have confirmed the meeting. No one expects that the US/China can reach a trade…
** After a flurry of activity, CBOT corn, soybean and wheat futures eased from sharp opening gains. The volume of opening trade was active but has since slowed at midday. Soybean futures are higher on fund short covering, but new buying has slowed in the grains. Uncertainty reigns on US planting progress and the enrollment…
** July corn has pushed above the psychological $4.50 level as traders debate US corn seedings for 2019. The range on private estimates are extremely wide with some seeing USDA as nearly correct with their 3.0 Mil acre cut while others argue that the final seedings total will be down a massive 12-14 Mil acres!…
AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.23. This would push sales of the 2020 US corn crop to 60%. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. Corn…
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.23. This would push sales of the 2020 US corn crop to 60%. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. Higher…
