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

All Members, Midday Commentary

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

All Members, Midday Commentary

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…

AgResource Mid-Day Commentary: Argentine Forecast Details Lean Bullish; Crude Scores New Rally High

All Members, Midday Commentary

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT ag futures are mixed at midday with wheat and soy well off AM lows and corn turning higher. Wheat prices worldwide are viewed as undervalued as Black Sea cash markets stay unchanged…

AgResource Mid-Day Commentary: Markets Shed Weather Premium; Weekly Export Sales Disappoint

All Members, Midday Commentary

AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell 25% of 2021 wheat crop if March Chi wheat reaches $8.80.                                CBOT ag futures are sharply lower at midday amid weak weekly export sales but mostly as weather premium is being extracted. Coming Argentine rainfall is not new to the marketplace, but the consistency…

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

All Members, Midday Commentary

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…