AgResource Mid-Day Commentary; French News Agency Reports that Ukraine No Longer Desires to be NATO Member-Confirmation Awaited; USDA Report Wednesday

CBOT values are mixed at midday with wheat/corn and wheat/soybean spreads enduring profit taking following a series of limit up days in Chicago May wheat futures. The short pin position of May Chicago wheat has been lifted, which produced a correction in wheat, while soybeans/corn are rise on demand considerations and tightening cash supplies. US…

AgResource Mid-Day Commentary; Chicago Wheat Stays Limit Bid; US Corn Export Inspections Surge; CONAB Out Thursday; Russian War Worry-Could be Extended

CBOT values are mixed at midday with Chicago wheat limit up for the 6th day (expanded limit $.85/Bu) while corn/soy trade either side of unchanged. Soyoil sold off along with crude oil while soybeans have rallied on tightening cash supplies and ongoing Chinese demand. China is back bidding for US and Brazilian soybeans for June/July…

AgResource Mid-Day Commentary: Extreme CBOT Volatility as Wheat Starts to Trade; Corn Falls $.60 from its High; Chicago May Wheat Still Locked Limit

CBOT values are sharply mixed at midday. Corn has traded $8.00 for the first time since 2012 while wheat futures scored new highs on a synthetic option basis. Rumors are widespread of firms struggling to meet margin calls as Chi wheat futures have rallied an incredible $3.50/Bu (to $12.09 May). Last Friday, wheat closed limit…

ARC Mid-Day Commentary; Wheat Rallies Another Limit – Trading $1.00 or more higher in the options; Corn/Soybeans Follow in Thinning Volume; Record Weekly What Rally!

CBOT values are sharply higher at midday with wheat locked up the expanded daily limit while corn/soybeans follow. March corn has neared last year’s annual price high at $7.75 ($7.71 so far through noon) with Chicago wheat up another expanded $.75/Bu — and trading $.95-1.00 higher in the options. May Chi wheat in option trade…

ARC Mid-Day Commentary; Wheat Limit Up in Nearby May Chicago; Back Months & KC Wheat Trading; Corn/Soybeans Decline on Profit Taking/Cash Movement

AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sold another 15% of the 2021 corn crop at $7.37 to move to 50% sold. On old crop corn and soybeans ARC has advised producers to be 50% sold, with no sales advised for new crop. The market risk is to the upside, but following the…