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…

ARC Mid-Day Commentary; US Ethanol Grind Stays Hot on Fat Margins; South Central Brazilian Weather Forecast Drier at Midday; GASC secures 300,000 MTs Wheat

After a lower opening, CBOT grain futures roared higher with wheat/corn being the upside leaders. Liquidation ahead of January delivery pressured soybeans/ soymeal, but ARC is not expecting that any large amount of deliverable supply that will be tendered Friday. Commercials will hold fast to deliverable CBOT soy supplies amid ongoing US export demand and…

AgResource Mid-Day Commentary; CBOT Wheat Falls to Chart Support – Drags Soy/Corn Along in Sympathy; Midday GFS Slightly Drier for S Brazil/Argentina

CBOT trade is mixed at midday with corn/soy trading either side of unchanged while wheat prices sag on active wheat/corn spread unwinding. Its Tuesday in a full week of futures trade is ahead. The charts show that soymeal, soybeans, and corn futures are overbought. Amid overbought chart conditions, futures either consolidate or decline (or a…