WASDE Report came out Friday, and was the last report before we get the first cut of supply / demand in May for the 2021 Crops.
Flash Sales to China have become an almost daily occurrence and, combined with less than ideal finishing weather including devastating August storms, the contraction of supply expectations and robust export demand are driving short-covering in wheat, corn, and soybeans.
Devastating straight line winds ripped through Iowa on August 10th, 2020.
Notwithstanding isolated pockets of dryness here and there, US growing weather is pretty much ideal for USA corn and soybeans.
Private Exporters Report Sales Activity for China and Unknown Destinations.
Currently, the Croptomize digital farm is 42% sold in November soybean futures with the balance of production hedged with SX 900 puts.
More flash sales to China this morning, reported below by USDA-FAS (Foreign Agricultural Service).
Private exporters report sales activity for China.
Private exporters reported to the U.S. Department of Agriculture.
You hear about algos running the markets these days. Well, Croptomize is building algos for farmers.
Ugly day on Friday with lower closes on corn, beans, and especially wheat (uffda).
USDA this morning reports another flash sale of beans to China.