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 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,…
AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 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…
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…
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,…
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