This is the second lowest rated winter wheat crop since 1988, trailing only 2012.
Corn closed the week 3 ¼ cents higher. Private exporters announced sales of 130,000 metric tons (mts) to South Korea.
A record export pace of new crop soybeans rallied values to 27-month highs. Producers should continue to sell into front month contracts as there is no carry and the market is telling you not to store soybeans. Look to re-own with futures and options, says Brian Hoops.
A hot and dry end to the growing season has lifted values. Additional support has come from record export pace of new crop soybeans. As values approach may weekly resistance and commercials have moved to a negative position, producers should look to add to hedges. The market is telling you not to store soybeans.
Corn closed the week 5 1/2 cents lower. Private exporters did not announce any export sales.
Producers have grown accustomed to a slumped agricultural economy, but the onset of COVID-19 – or coronavirus – in the U.S., many producers ar…
Seasonal strength should lift futures along with a new trade agreement between the U.S. and China. The agreement should allow for more U.S. beef exports to China.
Corn closed the week 14 cents lower. Last week, private exporters announced sale of 328,000 metric tons to Mexico for the 2019-2020 marketing year.
Corn closed the week 22 1/2 cents lower. Private exporters did not report any export sales.