** New Advice at Midday: Feed users cover 50% your corn feed needs into September with July corn futures at $3.77. ** It’s been a mixed morning at the CBOT with rumors swirling that China is securing 3 MMTs of US corn off the PWN and at least 3 cargoes of US sorghum. Confirmation is lacking,…
Wet weather is easing back into the 11-15 day forecast (after a very dry 6-10 day outlook).
** AgResource Daily Cattle Analysis: Cattle futures collapsed through Tuesday’s trade and a steady/weaker outlook is offered for early trade this morning. Following a steady start to the morning on Tuesday, liquidation developed as April cattle slipped below unchanged and sending the market sharply lower. Another round of selling hit the market late in the…
** 6:30 AM CBOT Futures: May soybeans are down 2.50 cents at $8.945, May corn is down 1.25 cents at $3.645 with May Chi wheat down 7.50 cents at $4.355. ** AgResource Morning CBOT Comment/Analysis: Good Morning! Fund buying subsided which left CBOT corn, soybean and wheat futures weaker overnight. The overnight volume of trade was…
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