Early selling uncovered consumptive buying in corn/soyoil which has rallied CBT values into the midday hour. Funds appear to be better buyers as chart patterns slowly start to turn to the upside. Wheat has been the upside leader amid rumors of Chinese buying of US wheat (told 1-3 cargoes) while US farmers have not been…
The Biofuel EPA Political Dance Rattles Soyoil/Corn Futures: CBT futures are mixed at midday following a failed morning rally in soyoil/corn – the biofuel crops. Wheat values are holding steadier on rumors that Russia may limit wheat exports to 1.6 MMTs per month starting in January on a quota. No confirmation is offered, but this…
Mixed CBT futures in rather average volume. An early round of CBOT selling was absorbed by end user buying, while US farmers are focused on harvest. The soy complex paced the recovery on Chinese demand. China is rumored to have purchased 3-5 cargoes of US soybeans for November off the Gulf this AM with additional…
It is an Evergrande and a macro-Monday. CBT futures are trading weaker at midday with soybeans/soy products showing the biggest losses tied to the uncertain viability of China’s Evergrande – their biggest property developer – with estimated loan/interest rate payments amounting to $669 Mil by the end of the year. Corn and wheat futures are…
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…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
