AgResource Mid-Day Commentary: Low Volume CBT Trade Amid a Lack of Fresh News; Another Harvest Weekend With Farmers Storing Crop

Low volume/stronger CBT futures has been featured heading into the weekend. Energy markets keep pushing higher and unlike Tuesday, Russian President Putin has no solution to cap today’s crude/gas rally. US corn and soybean harvest should be nearing 50% completed early next week and the Columbus Day holiday is normally the date for a seasonal…

AgResource Mid-Day Commentary; 1st Week of Solid Export Sales; China Fully Back on Friday; Talk of Fresh Chinese Soybean Interest

CBT futures came under early selling pressure based on bearish charts and the early slide in energy values. However, scale down commercial buying was uncovered/evident at the CBT with soyoil rallying sharply with the rally in crude oil. ARC is told that stronger commercial demand was noted below $5.25 December corn and $59.00 in December…

Sagging Energy Values Tug CBT Lower in Sympathy; US Weekly Ethanol Grind Jumps 7%; Oats at a Record Premium to Corn at $.65 Over

CBT futures opened strongly higher with brokers reporting a push of new money into the space. Corn, soybean, and wheat futures rallied until that fund inflow ended with values then settling back into the red. Wheat futures have held in the black awaiting the results from Egypt’s tender for November fob wheat. The fall in…