AgResource Mid-Day Commentary; Wheat Price Drops on Chart Selling and Corn/Wheat Spread Unwinding; KC Wheat Nears $7.75 Support; Soyoil to New Rally Highs

CBOT futures are mixed at midday with parched Argentine/S Brazilian weather, the index fund rebalance and USDA January Crop Report all in focus. The CBOT has rallied sharply in recent weeks and traders are trying to decide how much weather premium is enough in the summer row crop futures? Crop size estimates are in decline…

ARC Mid-Day Commentary; Soy Futures Rip to the Upside on S American Weather and Falling Yield Potential; China Short Bought on Forward Soy Needs; Argy Corn Under Stress

CBOT futures are sharply higher at midday with corn, soybeans and soyoil the upside leaders. Fund managers from New York and London returned to the New Year with active buying from the opening 8:30 CT CBOT bell. South American crop loss discussions are ongoing with farmers in Parana and MGDS suggesting that future rain will…

AgResource Mid-Day Commentary; Technical Selling Pressures Wheat and Drags Down Corn to Key Support; StoneX Brazilian Soybean Crop at 134.0 MMTs

CBOT are mixed at midday with corn/wheat values pushing lower while the soy complex holds higher as the CBOT looks for its “sea legs” heading in the new trading year. Soybean futures are higher as private crop losses for Brazil continue to grow. Corn loss estimates are only beginning for South America with the Brazilian…

AARC Mid-Day Commentary; Low Volume Mixed Trade with Debate Raging as to the Losses of the 2022 Brazilian Soy/Corn Crops; Extreme heat Ahead for Argentina

CBOT futures are mixed in a modest reversal of Thursday’s trade in a thin volume New Year’s Eve session. The world is already celebrating the New Year and traders having closed their books on 2021. Futures trade will resume in 2022 on Sunday evening with a full week’s trade ahead. AgResource looks for a mixed…

ARC Mid-Day Commentary; Liquidation Pummels CBOT on Charts/Parana Rain; Downside Price Targets Close in Corn, KC wheat and Soyoil; New Ag Inflows in 2022?

CBOT grain futures are sharply lower at midday with soybeans/soyoil leading the decline on liquidation tied the overnight rain that fell across portions of Parana and Mato Grosso Do Sul – with the forecast offering additional showers during the last half of next week. The CBOT is extracting weather premium in a correction. The CBOT…