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…

CBT Rallies as there was no Bearish Surprises from NASS/WASDE; World Exporter Stock/Use Ratios Bullish; Harvest Yield Data To Rule

The USDA September Crop Reports were neutral with big surprises lacking. The market’s attention will now turn to the September Stocks report at the end of this month and actual harvest yield data that will start to be reported on a near daily basis next week. US export demand also plays a large price role.…

Wheat Falls On Massive Fund Selling Ahead of Report; Corn/Soybeans Stabilize on 3 Gulf Elevators Seeing Power; USDA Report in 23 Hours

CBT values opened under pressure and rebounded into the midmorning as news surfaced of several Gulf exporters coming back online as power is restored to 2-3 key facilities. Once the lights turn on, it will take facility managers a day or two to make sure that machinery is functionally normally. However, hope continues to build…

Gulf Export Woes & Steep Cash Basis Fall Drop CBT Futures;Corn Scores New Lows with December at $5.1075;USDA Report Could Cause Change

CBT values are lower at midday as the fund selling pace quickens on Ida related US Gulf export delays and the acute weakness that is being felt in cash basis bids. The Delta harvest is accelerating with test cuttings underway in the Southern and Central Midwest. December corn fell to a fresh low at $5.1075…