Markets Reverse Overnight Losses; GFS Still Wet

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.                    General…

Row Crops Mixed; Wheat Down on Central Russian Rainfall

AgResource Farm Marketing Advice for Tuesday: 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.                    3/Wheat…

Summer Row Crops Struggle as Midwest Farmers Plant; Wheat Gains on Wet Plains/Delta Weather and Russian Dryness

** General Midday Market Comment: Russian winter wheat crop concern due to hot/dry weather forecasts and the excessive rain for US winter wheat later this      week sparked a sharp rally in US wheat futures – which pulled corn/soy futures (temporarily) this AM. The wheat market is worried about lower wheat supplies in 2 key…