AgResource Mid-Day Commentary; CBT Corn Rally Continues Amid Fat Ethanol Margins; Soy & Wheat Struggle on Supply; US Yields in Focus Next Week

CBT futures are mixed at midday with corn the upside leader while wheat/soy futures lag. Funds have been buyers of corn/soyoil, but at a much slower pace than recent days. Normally, funds enter/exit markets in 3-day time horizons, and this is the 3rd day of the corn rally. Starting next week, corn and the entire…

AgResource Mid-Day Commentary: AM Rally Cools on Mediocre Export Sales; Canola Scores New High

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBT futures are mixed at midday with corn, soybean, and wheat futures trading both sides of unchanged. December corn futures rallied to sharp early gains with December futures testing key resistance at $5.65-5.70. Traders offer that short sold $5.60 and $5.70 corn calls were blown…

CBT Corn Holds the 50 Day Moving Average at $5.33 & Tests 100 Day at $5.465;Cash Ethanol Rallies Offering Demand Hope;US/China Talk Overight Tuesday

CBT futures are higher at midday with corn leaping to fresh weekly highs while soybeans/wheat follow. The corn rally appears to be related to strengthening US ethanol prices amid the ongoing advance in world energy prices. Cash ethanol values rallied 7-9 cents/gallon this morning which translated back into firming grind margins and new buying of…