AgResource Wheat Comment and Analysis
CBOT Wheat Corrects on Larger Projected EU Stocks; KC-CBOT Spread Scores New Record High: Wheat futures ended mixed on Thursday, with contracts in Chicago and Paris retreating on the European Commission’s increase in projected EU stocks. The Commission kept its EU export forecast at 32 MMTs, vs. USDA’s 37, and this will allow EU stocks…
AgResource Corn Comment and Analysis
CBOT Corn Unable to Find New Rally Highs; Volatility Anticipated: CBOT corn futures ended slightly weaker as the trade prepares for what could be a rather volatile day on Friday. Both stocks and seedings data will be critical in fine-tuning old and new crop balance sheets, and while spreads and basis suggest smaller than expected…
AgResource Soybean Comment and Analysis
Soybeans Trade Quietly Ahead of USDA Data: CBOT soybeans held a narrow range on Thursday as the markets prepare for key USDA reports on Friday. Soybean oil corrected recent gains, while meal was supported by good export data. The weekly export sales report showed that soybean export sales were routine at 13 Mil Bu, while…
