AgResource Ag Investment Trades
CBT Corn Soars to Test Contract High on Rumors of China demand for US HRW Wheat/Corn; US 20/21 Corn Sales Exceed Crop Year Forecast; WASDE Friday
It has been a bullish morning with corn/wheat pushing to strong daily gains, while the soybean market is being pulled along. Strong cash basis bids and renewed basis pushes from W Midwest ethanol producers rallied old crop corn futures to sharp daily gains. May corn is back testing last week’s post report spike high at…
U.S. Medium-range Forecast: Eastern half of U.S. trends cooler.
Highlight: Eastern half of U.S. trends cooler. California is the warm spot. Charts of the day: ECM ENS medium-range risk of <32F EXPANDS. Discussion: A cooler regime is forecast to regenerate during the medium-range. The ECM ENS projects an attendant expansion of <32F risk most prominent Interior West days 6-10 and into the Northeast days…
US Wheat Rallies on Parched N Plains/Canadian Prairie Weather; CONAB Brazilian Crop Estimates Due Today; US Plain’s Cash Cattle Trade $2-4/cwt Higher
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are unchanged at $14.0875, May corn is up 2.00 cents at $5.625 while May Chi wheat is up 8.00 cents at $6.2425. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Wednesday’s trend of rising grain prices persisted in…
