AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. Global grain futures are mixed at midday, as CBOT corn and wheat in the US and Europe collide with chart-based resistance, while the soy complex continues its recovery from last week’s lows.…
AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. Global ag markets have shrugged AM weakness and are trading higher by varying degrees. Wheat has paced the advance on a percentage basis as speculative short covering accelerates – amid rising Black…
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. Global ag markets are sharply higher at midday as Russian comments regarding future wheat exports collide with generally uncertainty over the Black Sea corridor during the summer month and the looming 2023…
AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. AgResource Spec Advice for Thursday: 1/ Hold long soy oil positions. New stops will be published this evening. Net liquidation continues in global ag markets as funds shed what are still sizable…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. Wheat and soybeans have extended this week’s collapse based broadly on international cash markets. The Brazilian soybean pipeline is full, with talk of elevators in Parana halting near-term purchases amid full bins.…
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