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…

KC and Paris Wheat Futures Score new Contract Highs; Brazilian Real Weakens on Political Worry; Daily US Soybean Sales to China Lacking

CBT futures are mixed at midday with KC wheat futures pushing to new contract highs while soybeans sag on the weakness in soyoil. Corn is caught in between. Early CBT volume totals were active, but they have been sliding at midday as Europe/Asia head into their weekends. World wheat futures are the bullish stalwart while…

Energy Markets Fade on Warm US Winter Forecast; Ags Follow; Corn, Soy Export Demand Improves

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. US and global ag markets have extended Wednesday night’s correction amid weakness in energy markets. NOAA’s updated Nov-Jan climate outlook this AM featured continued above-normal temps across the Southern US and East Coast, and odds are decent that this relative warmth will impact a majority…