AgResource Mid-Day Commentary; Wheat/Corn Post Limit Gains for 2nd Day; China Active buyer of US/Brazilian Soybeans; Future Ukraine Crop Sizes Unknown

CBOT grain/oilseed markets are sharply higher with grain futures bid limit  due to the deepening war between Russia/Ukraine, the woe of Black Sea force majeures on prior grain export contracts and resourcing of supply from others. Corn, soyoil and wheat have scored new contract highs following historical high closes in Paris wheat, Malaysian palmoil and…

AgResource Mid-Day Commentary; Corn Limit Bid with Wheat/Soy Sharply Higher as Peace Effort Fails amid an Esculation of fighting; GASC Passes on Wheat Tender

CBOT grain/oilseed markets are sharply higher at midday with corn futures limit bid up 35 cents with wheat/soy futures sharply higher. The rally has been based on the abrupt closure of SWIFT bank payment system for the Russian Central Bank which has shuttered the Russian grain market. Amid the ongoing war in Ukraine, importers/end users…

AgResource Mid-Day Commentary; CBOT Volatility Dramatically Expands on Russian Aggression vs Ukraine; Bulls Use Dramatic Rally to Take Profits; Cash Basis Firm

No New Sales Advice. CBOT Ag markets have ben extremely volatile with soybeans/Minneapolis wheat trading in a wide $1.00/Bu daily range. Soybean futures have traded $.23/Bu lower and as much as $.75 higher as the markets adjust to the potential of the Black Sea being blocked as an exporter as Russian takes over what is…

AgResource Mid-Day Commentary: US, International Markets Continue Surge; Ukraine Calls for Emergency Declaration; US HRW Belt Stays Arid

AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80. CBOT ag markets are again sharply higher on the addition of risk premium. Wheat remains the upside leader following Putin’s recognizing of territories in eastern Ukraine, followed by a proposed emergency declaration from Ukraine,…