AgResource Mid-Day Commentary; Marco Meltdown Ahead of US Central Bank Meeting; S American Crop Estimates Decline; China Buying Soybeans on AM Break

 CBOT futures are mixed at midday with wheat futures rising to sharp gains on rising Black Sea political tensions while corn/soybean futures falter on fund profit taking, weekend rainfall across the southern half of Argentina, and the macro market meltdown of the past 8 days. The DOW has now corrected 10% while Bitcoin has fallen…

AgResource Mid-Day Commentary; Corn Gains on US Price Competitiveness; China said to be Buying US Soybeans for August; US/Russia Talk – No Deal Just Talk

CBOT futures are mixed at midday with corn/soyoil trading firmer while wheat, soybeans and soymeal hold in the red. The morning CBOT rally took corn to its early January highs at $6.17 with news emerging from the Geneva, Switzerland that the US/Russia would continue to have dialog on Ukraine. This pulled CBOT grain values off…

AgResource Mid-Day Commentary; Soybean Futures to New Contract Highs with March at $14.29; Russian Worry to Dominate into the Weekend; US Ethanol Grind Recovery

CBOT summer row crop futures are sharply higher heading into the midday hour with soyoil, corn and soybeans providing the bullish leadership. Early wheat selling uncovered new speculative buying with few traders wanting to be short heading into the weekend with Russia threatening to invade Ukraine. March soybeans have forged a new contract high at…

AgResource Mid-Day Commentary; CBOT Corn/Soybeans Strongly Recover on China Purchase Talk; Russian Stays the Aggressor In the Black Sea; Brazilian Cash Corn Firms

CBOT grain futures are sharply higher at midday with corn, soy oil and wheat leaping above important chart-based resistance. Russian/Ukraine geopolitical concern and falling South American crop yield potential has the attention of investment managers that desire more exposure to the commodity space. Large investors worried about inflation see commodities as a partial hedge. The…

AgResource Mid-Day Commentary: Markets Recover from AM Lows; NOPA Crush in Dec Record Large

AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT ag futures are mixed at midday, but wheat has extended its overnight rally in the US and Europe while corn and soy futures have recovered from AM lows. Breaking wheat-specific news is…