AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. CBOT ag markets are mixed but mostly firm at midday, with March soy scoring a newer two week-high, corn falling from session highs…
AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. USDA stocks, seedings and balance data lean bullish of row crops and neutral to slightly bearish of wheat. Final US corn production was…
CBOT ag futures are higher at midday on positioning ahead of Thursday’s USDA January Crop Report. The report is expected to cut Argentine corn and soybean crops by 3 MMTs (each) and offer final US corn/soybean yield data and the 1st glimpse of 2023 US winter wheat seeding. Historically, the CBOT endures extensive market volatility…
AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. CBOT ag futures reversed overnight losses and hold in a choppy back-and-forth trend heading into Thursday’s USDA January Crop report. The overnight models…
CBOT ag futures are mixed at slightly higher at midday with early weakness unable to show any follow thru technical selling. Wheat has traded both sides  but with Egypt/Turkey in the world market, the early CBOT break uncovered commercial buying. The index fund roll starts at the close and traders will be watching for any…
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