AgResource Midday Commentary; Soyoil Rallies Sharply on Philipps 66 Plant Opening Potential in Rodeo CA; USDA Weekly Export Inspections as Expected; GFS Drier for Argy in 11-15 Day Period

The morning has been mixed at the CBOT with values trading either side of unchanged. Soybeans and wheat futures are higher at midday while corn holds in the red. Soyoil has been able to rally strongly on the news that a massive Philipps 66 biofuel plant in Rodeo, California received environmental approval that would allow…

AgResource Midday Commentary: CBOT Firm but Off Highs at Midday; US Export Demand Improves Post-Holidays; GFS Adds Rain to Argentina in 11-15 Day Period

AgResource Farm Marketing Advice for Friday: 1/ Soybean Producers: Sell 20% of your ‘23 soybean crop at $14.19 March. 2/ Wheat Producers: Sell 25% of the ‘23 wheat crop 25% at $6.59 basis March Chicago. CBOT at markets are firm at midday, with strength in bean cooling on the back of weakness in soyoil and…

AgResource Midday Commentary: CBOT Bounces After Early Fund Selling; Brazil Weather Forecast Stays Wet, Argentina Dry

AgResource Farm Marketing Advice for Thursday: 1/ Soybean Producers: Sell 20% of your ‘23 soybean crop at $14.19 March. 2/ Wheat Producers: Sell 25% of the ‘23 wheat crop 25% at $6.59 basis March Chicago. CBOT grain markets have been mixed through the morning, with large fund selling noted immediately following the morning open. Once…

AgResource Midday Commentary: March Soy Tests Last Week’s Low; Grain Stable Ahead of Egyptian Tender Result; Argentine Forecast Stays Arid Next Two Weeks

AgResource Farm Marketing Advice for Wednesday: 1/ Soybean Producers: Sell 20% of your ‘23 soybean crop at $14.19 March. 2/ Wheat Producers: Sell 25% of the ‘23 wheat crop 25% at $6.59 basis March Chicago. CBOT values are again mixed at midday with corn and wheat finding bids amid this week’s flood of wheat demand…