ARC Mid-Day Commentary; CBOT Corn Recovers on Cash Tightness/Planting Worry; Midday Central US Weather; More Rain; China Demand for US Soy

It is a macro-Monday with sharp losses in world equity prices and worry over China locking down Beijing (and other cities) would slow commodity demand thereby pressuring CBOT values. Although there is no statistical evidence that world grain demand is slowing, it’s the fear of a future recession along with 1st notice day against May…

AgResource Mid-Day Commentary; CBOT Falls on “Sell the Fact” Trading on US Corn Export Sales; Dry Season Starting Early For Brazilian Winter Corn; Dow Falls Sharply

CBOT futures are lower shrugging off bullish demand news (new US corn sales to Mexico/China) to trade lower into midday. Soyoil futures has been able to hold opening gains, but corn, wheat, soybeans, and soymeal are trading in the red with double digit losses occurring in corn. CBOT corn/soybeans had become overbought and subject to…

ARC Mid-Day Commentary; CBOT prices Sink as Longs Book Profits; US Farmers to Accelerate Seeding in Coming Days; Argentine Corn Extremely Chearp

CBOT futures are lower at midday as new investment inflow slows and farmers start planting summer row crops across the Western and Eastern Midwest. Getting seed into the ground is not particularly bearish, but the Central US weather pattern does not offer lasting seeding or germination delays. 2022 US corn and soybean seeding progress should…

ARC Mid-Day Commentary; CBOT Futures Rally as Shorts Purge Shorts in May futures Ahead of Options Expiration Friday; Wheat Lags on US Non Competitive Position

CBOT futures are mixed at midday with corn, soybean and wheat futures trading either side of unchanged. July corn has taken out the overnight low and the high on expanding volume at midday. The upside reversal pattern in corn is helping to buffer yesterday’s lower close after scoring new contract highs. May soybeans are back…

AgResource Mid-Day Commentary; CBOT Speculative Inflows Slow-Grain Values Decline; Soy Futures rise in Thin Volume Trade – Meal/Oil Spreading Featured

It has been a mixed morning at the CBOT with corn, soybean and wheat futures trading either side of unchanged in moderate volume. Wheat has been the downside price leader with Chicago posting double digit losses, while soybeans hold in the green on fresh Chinese demand. The CBOT has a corrective feel with profit taking…