AgResource Mid-Day Commentary; Crude Oil Rally Spurs a CBOT Bounce; Plains Weather Too Dry for HRW Wheat; China to Sell 3-3.5 MMTs of Reserve Soybeans?

CBOT futures are mixed to slightly higher at midday with volume in retreat. The uncertainty surrounding the war (Ukraine/Russian) along with the coming USDA crop report next week has produced back and forth trade. Amid limited fresh fundamental news, the market is marking time, awaiting improved world demand for wheat/corn (due to Black Sea losses)…

ARC Mid-Day Commentary; Slowing Investor Demand for CBOT Grains Sparks Correction; Questions on Black Sea Demand Shifts to US; Central US Weather Cool/WET

CBOT futures are mostly lower at midday with the fund flow of new buying diminished from prior days. Funds have been large buyers of corn/soybeans and soyoil in recent days, but that demand is showing signs of tiring. And cash wheat/ meal values are weaker on cash market pressure. Brazilian soymeal basis has dropped as…

ARC Mid-Day Commentary; Old Crop Corn/Wheat Retreat on Profit Taking; Brazil to Lower Biodiesel Blend Rate to B6 or B7 from B10; Egypt Buys Vegoils

AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 16.6% of the 2021 corn crop at $7.58 basis May corn futures to get to 66.60% sold. Should be filled – if not go to the market.   2/ Soybean Producers: Sell 16.6% of the 2021 soybean crop at $17.00 basis May futures to get…

ARC Mid-Day Commentary: New Contract Highs in December Corn Futures; Fund Flow Monday – Fundamentals little changed from Friday; Turnaround Tuesday?

CBOT midday futures are sharply higher as the Russian war against Ukraine rages on. If you remember our comment of last week – War on/War off – today it’s “war on” with few expecting that diplomats negotiating a cease fire/peace accord can score progress this week. The CBOT is adding premium to price awaiting new…