AgResource Midday Commentary; Soybeans/Corn Bounce Amid Energy Price Rise; Mideast Geopolitical Tensions Rise; GFS Stays Wet for N Brazil offers Artic Cold for Central US After January 15th
CBOT grain futures are mixed at midday with wheat weaker on sliding EU values while soybean/corn futures rebound on improving demand. End user pricing in soy products has been featured with soyoil finding support following yesterday’s chart-based bullish reversal. And WTI crude oil futures rallied 3% on local protests that closed Libya refinery that produces…