ARC Midday Commentary; CBOT Grains Stay in Bearish Price Trend with Chi Wheat at a 14 Month Low; Active Soyoil/Meal Spread Unwind Supports Soymeal; Crude Oil Falters
AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: Sell 20% of the estimated 2022 corn crop at $6.79 basis March corn futures for early 2023 delivery. If filled, 2022 corn sales would be pushed to 80%. 2/ Wheat Producers: Sell another 20% of the 2022 wheat crop if December Chi wheat reaches $8.79. …