ARC Mid-Day Commentary; EPA Corn Ethanol Manadates Supportive; Limited Progress Scored between Biden/Putin on Troop Buildup;US Stock Market Soars on Omicron Threat

CBT ag markets continue to chop, with grains steady/higher and old crop soy futures down 10-14 cents at midday. Soybeans are sagging as rumors out of the Biden Administration suggesting that long awaited biofuel mandates will be released later today. The rumors have new mandates not making the US biofuel industry happy. Potential bad biodiesel…

AgResource Mid-Day Commentary; Backing and Filling Should Produce a Turnaround Tuesday; Biden/Putin to Talk Tuesday; US Soybean Exports Hold Stout

The pending USDA December report and the expectation that it will be slightly bearish for soy/wheat has caused the CBOT to give back some of Friday’s gain.  Midday volume has slackened following active early day managed money selling in corn, wheat, and soymeal futures. ARC looks for a mid-range CBOT close today as bullish or…

AgResource Mid-Day Commentary; Wheat Falters as Offers Submitted to Saudi in Weekend Tender; China Still Securing Ukraine Corn, China TRQ’s Coming?

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. It has been a summer row crop rally at the CBOT this morning as corn/soy futures rises, while wheat sags on the fading hope…

AgResource Mid-Day Commentary; Wheat Soars on US Export Opportunity to Saudi Arabia; China Buying Ukraine Corn & Aussie Wheat; Russia/Ukraine Conflict?

Wheat/corn futures are pacing the AM CBOT rally with the talk growing that the Saudi tender for April-June wheat could include US HRW from the Gulf. And corn futures are higher on cash reports that China is back securing Ukraine corn and Aussie wheat, while drought fears for Southern Brazil and Argentina are noted in…