CBT Corn/Wheat Hold Chart Based Support, Soybeans Stumble on Fresh Soyoil Low; China on Holiday for their Moon Festival Next Week

CBT futures are lower at midday with corn/wheat futures trying to grab back some of the morning losses. Hedge and speculative sales were noted heading into the first real harvest weekend of the season. December corn and November soybeans returned to test chart-based support which lies under $5.20 and $12.75, respectfully. Wheat futures followed on…

CBT Markets Lack Direction Following Early-Week Recovery; NOAA Climate Forecast Features Autumn Dryness in S Plains

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBT futures are flat in mediocre volume at midday. Fresh input is lacking and the trade now waits on additional yield results from the principal Midwest and waits for Gulf loading capacity to expand in the weeks ahead. CHS says its Myrtle Grove, LA facility…

AgResource Mid-Day Commentary; NOPA Crush Grows, Soyoil Stocks Greater; Midwest Corn Yields Disappoint; Funds Back Buying Corn

CBT futures are sharply higher at midday with corn/wheat leading the upward charge for the 2nd day in a row. Friday’s high was exceeded in corn/wheat which spurred fresh chart buying with the soy complex able to shrug off bearish fundamental news of China/unknown destination soybean sales cancelation, and the shifting of that demand to…

AgResource Mid-Day Commentary;Stats Canada Surprises to the Downside-Summer Drought was harshest since 2002! The need for Corn Imports

CBT futures are sharply higher at midday with corn/wheat leading the upward charge. Soybean futures have lagged with soymeal acting as an anchor. It has taken greater volume to push the market down than rally it. December corn has exceeded a prior day’s high helping to confirm Friday’s key reversal on the chart. Soybeans are…

CBT Stabilizes as The Bulls and the Bears Talk their Positions; Nicholas Wind Damage to be Modest; Rain is the Issue; Pakistan Back for Wheat

CBT futures sank in opening trade on renewed fund selling following Friday’s relief rally following the USDA September Crop Report. The bears wanted to push down values following the initial bout of short covering to gauge the resolve of end users. And there was worry that Tropical Storm Nicholas could cause new disruptions to the…