** 6:30 AM CDT CBOT Prices: Nov soybeans are up 3.25 cents at $9.70, Dec corn is down 0.50 of a cent at $3.49 while Dec Chi wheat is down 1.50 cents at $4.345. ** AgResource AM Grain & Oilseed Comment: Good Morning! Low volume and mixed has been CBOT futures overnight. Soy futures have…
Wheat futures led the way down today, falling 6-8 cents in KC and Chicago. World cash markets are weaker, but only slightly so, and so the US Gulf market is better positioned to boost export demand in the weeks ahead. Funds expanded their net short position in Chicago by an estimated 4,500 contracts. Egypt’s…
Dec corn settled slightly lower amid limited news and as ethanol futures hit new 13-month lows. The Oct WASDE will provide short term direction, but until more is known about South American weather pattern. ARC expects listless trading into Thursday. The graphic below shows that volatility is lower than even last year, and on a…
US Forecast Wet in IA, IL, WI; Dry Elsewhere: Harvest activity will resume quickly outside of the Central Midwest, where a pattern of moderate but continuous rainfall will be locked in over the next 6-7 days. Weekend rains fell generally as expected, with totals in excess of 1.5” recorded in KS, NE, IA, WI, and…
Problems in Brazil & Argentina look to further disrupt the world trade matrix.
