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 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…
CBOT futures are in retreat on chart-based considerations and lite profit taking. The volume of CBOT trade is down from recent days (Super Bowl hangover?) with importer and end user pricing noted on the AM break. China is a sizeable short and using any breaks to extend their forward coverage in US soybeans. ARC continues…
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80. CBOT futures are mostly higher at midday as corn, wheat and soy markets add varying levels of premium. Wheat’s been the star performer on Friday amid escalating Black Sea tensions, with a new…
AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80. CBOT futures are mixed at midday following new rally highs this AM amid CONAB’s massive cut to Brazilian soy production. The market has now seen a sub-130 MMT Brazilian soy crop printed by…
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