AgResource Mid-Day Commentary: Markets Stay Elevated Amid Black Sea Concerns; South Am Cash Markets Firm

AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT ag markets are sharply higher at midday as funds are forced to cover short Chicago wheat positions, with frigid temps this week and ongoing dryness across the Plains lending further support. Select…

AgResource Mid-Day Commentary; Low Volume CBOT Rally With March Option Expiration at the Close; Brazilian Cash Soy Markets Hold Firm; What Will Russia Do?

CBOT grain futures are higher heading into the midday hour with short covering and moderate new fund demand featured. The CBOT is closed on Monday for the US President’s Day holiday and March options expire at today’s close. The option expiration could produce some additional volume near the close. It does not require much in…

AgResource Mid-Day Commentary; CBOT Rests Following Wednesday’s Rally; GASC Books Romanian/Algeria Optional Origin Wheat for April; Argentine Forecast Drier

The volume of CBOT trade has been exceptionally lite this morning with few traders wanting to expand their risk ahead of March option expiration on Friday, and the long 3-day US holiday weekend amid Russian/Ukraine geopolitical uncertainty. There seems to be a growing consensus that if Russia does not invade Ukraine in the coming weeks,…

AgResource Mid-Day Commentary; LDC Crush Plant in Claypool IN Endures Fire; Soyoil/Soybean FOB Premiums Rise in Brazil; US Weather Coming into Focus

Summer row crop futures are rallying while wheat sags in reduced CBOT trade volume. The war of disinformation between Russia/western world has left traders in a difficult position to assess the geopolitical risks of Russia invading Ukraine ahead of a 3-day US holiday weekend. The CBOT will be closed on Monday for observance of the…

AgResource Mid-Day Commentary: Markets Continue Shedding of Risk Premium; NOPA Crush Falls Short of Expectations

AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT futures are sharply lower in thin volume at midday as grain and energy market shed geopolitical risk premium. Russia’s decision to reduced troop numbers in Belarus has, on the margin, eased concerns…