AgResource Midday Commentary; CBOT Bounces in Tepid Volume Trade; Brazilian Soy Crop Estimates Hold in Big Range; Aprosoja tells Members to Hold Soybeans
CBOT grains are higher at midday with soybeans/soymeal pacing the rally. Corn and wheat futures have been pulled from their opening losses on short covering in extremely slow volume. It does not take much volume to push the markets around with South America and SE Asia on holiday. Fresh news is limited with the bears…