AgResource Mid-Day Commentary: Grains Correct on Chart-Based Selling; Soybeans Add Premium as Brazilian Crop Estimates Continue Slide; Heat Returns to N Argentina/Paraguay

AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT futures are mixed at midday with soybeans/soymeal higher while corn, wheat and soyoil futures correct recent gains. The break this AM is corrective in nature following the push to new contract highs…

AgResource Mid-Day Commentary; New Contract Highs in Soybeans/Soyoil as Demand Rationing Need Rises on Smaller SA Crop Potential; GASC Wheat Purchase News Awaited

CBOT futures are sharply higher at midday with corn, soyoil and soybean futures posting new contract highs. News that China continues to secure old and new crop soybeans out of the US reaffirms South American crop losses and the need for acute demand rationing. If South America has lost 24-28 MMTs (880-1,025 Mil Bu) of…

ARC Mid-Day Commentary; New High for Soybeans on Smaller MGDS Crop Estimate; US Tells Americans to Leave Ukraine; US Central Bank Decision Before the Close

CBOT futures are sharply mixed at midday with wheat sharply lower, soybeans sharply higher while corn trades in-between. The midday CBOT volume is active with spreaders bull spreading corn but exiting long wheat/corn. Resting orders are lacking which enhances daily market volatility. CBOT brokers report inflows from investment funds, but at a rate below yesterday.…

AgResource Mid-Day Commentary; Wheat to a Fresh Multi Month High; March corn above $6.30; US Cash Market Leads CBOT Advance on Push for Supply

CBOT futures are sharply higher at midday with corn, soybeans and wheat leaping higher as the US equity market slides for the 7th day out of 8. March corn has posted new contract high with wheat soaring above the December highs on short covering.  March KC wheat is posting gains of nearly 30 cents taking…