AgResource Mid-Day Commentary; January USDA Report as Expected – No Big Surprises; South American Weather and Private Crop Estimates to Rule CBOT Close

CBOT grain futures are slightly lower following the January USDA Crop report with US corn/soybean stocks slightly larger while WASDE raised world wheat end stocks due to an increase in Argentine production and a modest cut in world wheat trade. The USDA January report will not alter prevailing price trends with cash markets to underpin…

AgResource Mid-Day Commentary; Crude Surges; GFS Trends Wetter in Argentina; Wheat Importer Demand Returns

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 higher at midday in thin volume as the trade debates CONAB’s first round of cuts to Brazilian corn & soy production against the midday GFS’s wetter 6-15 day forecast…

AgResource Mid-Day Commentary: Markets Extract Weather Premium Ahead of South Am Pattern Shift; Duration of Arg Rain Critical

AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT ag markets are mixed at midday, with weather premium being extracted from corn and soy while long row crop/short wheat spreads are unwound. The midday GFS keeps intact needed rainfall across Northern…

Mid-Day Commentary; Index Funds Start Rebalance 1 Day Early? Soymeal Spreading/Purchases Large; Midday South American Forecast Farther South with Rain in Argy

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.   Filled 2/ Soybean Producers: Sell 10% of the 2021 soybean crop at $13.85 basis March soybean futures. This would push sales to 50% completed ahead of the USDA Crop Report on January. ARC is…

AgResource Mid-Day Commentary; Funds Sell Wheat to Have Something Short Against Corn/Soy; Midday SA Forecast Threatening

Hawkish US economic statements from the US Central Bank have pressured CBOT futures at midday as fund flows are to the sell side of the ledger. Threatening South American weather has been cast aside with traders worried that rising US interest rates could end the reflation trade? ARC doubts that the reflation trade has ended…