Sunday night market calls are higher as rains were disappointing this weekend in South America and there’s very little rain in the forecast until the 10 to 15 day. These extended forecasts have been a disappointment and therefore traders are on edge tonight. Rumors of China buying and corn last week and late week inquiries on S American soybeans or meal continue.
Overall we Continue to recommend replacing ownership of every bushel sold with options strategies. We are also considering starting a new crop hedge program using options or sales with upside price protection using a option strategy.
AgMarket.Net was busy this weekend –
Be sure to listen to Matt on Market to Market http://www.iowapbs.org/mtom
And Brian on US Farm Report https://www.agweb.com/usfr