AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Price the last of the 2021 crop that was set on a September corn basis contract at $1.20 over at $6.50 basis September corn futures. This would produce a net cash price of $7.70. ** FILLED ** 2/ Soybean Producers: Sell another 20% of 2022 soybean…
AgResource Farm Marketing Advice for Monday: 1/ No new Advice. CBOT Grains are higher on talk that China booked 5 cargoes of French wheat while soybeans rally on US soymeal demand amid thinning Argentine fob offers. The hefty premiums paid for US old crop soybeans/corn is underpinning valuations. If corn end users (livestock/ethanol) can make…
CBOT Grains Higher at midday with wheat being the upside leader in lackluster volume. Corn follows wheat while soybeans trims losses on strong old crop cash market. End users and exporters fight for remaining old crop supply amid a Delta harvest that will be delayed by the coming wet weather conditions. The hope for any…
AgResource Farm Marketing Advice for Thursday: 1/ No New Advice. Wheat market finds new lows for move on Black Sea headline-based liquidation. Uptick in new crop export demand support corn, soy. Reality of Black Sea’s contribution to global grain flows still very uncertain. Global wheat futures are down sharply – though have bounced from session…
AgResource Farm Marketing Advice for Wednesday: 1/ No New Advice. Corn, soy markets stay firm. Wheat tests recent lows on strength in the US dollar, arrival of ships at Ukrainian ports and US pledge to buy Ukrainian supply. GFS arid in C Plains/W Midwest, wet in South. CBOT ag markets are mixed at midday, with…
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