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Tidbits, Basis is Negotiable, Argentine Weather, Crop Budgets 1/20/25

Writer's picture: Wright teamWright team

Ag market futures will resume trading at normal time this evening. Crude oil began trading as its usual time last evening, namely 5 PM Central, and will trade today until its normal close at 4 PM Central.

 

Wayne Bacon is traveling, so there will be no world FOB grain price and ocean freight rate report this week.

 

Tidbits


Much of Argentina’s crop areas received between three and four tenths (~10 mm) on Saturday.  

 

Sunday morning weather update for crop areas of Argentina:

"We had isolated thunderstorms in many places with low accumulations, but not in most places. Typical of summer.  Today, showers will be more concentrated over Córdoba, Litoral, North of Baires and UY. It may rain heavily at times, as they will not move much."

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