
Advance Trading
@trust_ati
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Commodity brokerage & consulting firm providing sound marketing advice for farmers, elevators & end-users since 1979. Commodity trading involves risk of loss.
Bloomington, IL
Joined February 2014
In #soybeans, the positioning ahead of the weekend/WASDE report is weighing on soybeans and soybean oil. Soybean meal said to be firmer on spread unwinding.
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In #corn today, we saw another flash sale (125 K to Unknown) provide early support. We're in position before the USDA Supply/Demand report next week.
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The total at 4.5 mbu was not huge but at the same time, Strategie Grains cut its EU #corn crop estimate by 1.5 to 55.9, 4 million below the USDA.
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A critical time for #soybeans!. On average, US soybeans setting pods increase approximately 24% between August 3-10.
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Declined a little from last week to 69% good/excellent overall in the US. Specifically, we saw Illinois and Iowa decline. However, Minnesota and North Dakota increased!.#soybeans
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Seeing some intense price volatility here. Historical price changes for November #soybean futures on the day the USDA released its August Supply/Demand report.
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The latest on #wheat!. Wheat sales at a marketing year high of 27 mbu, exceeds expectations. Corn strength.
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We're seeing excellent new crop sales In #corn today!.Sales are at 125 mbu, including 50 to Unknown. Some experts are scaling back yield estimates.
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Will the Chinese government find this too attractive to ignore and return to the US market with or without a trade deal? #TradeDeal.
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On average, US #corn silking increases approximately 5% between Aug 3-10. By the middle of August, we should be nearing completion of corn silking.
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73% Good/Excellent #corn crop conditions. Iowa and Illinois saw declines, while Minnesota and Nebraska saw some improvement.
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Price changes for December #corn futures on the day the USDA's August Supply/Demand report is released. Next week, the report is being released on Tuesday (8/12). Be prepared, as we've seen double digit increases or double digit declines.
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