It has been a mixed CBT trade with corn the upside leader while wheat holds chart support on improving world tenders/demand. Soy has traded either side of unchanged with traders agreeing that the overnight/AM rains helped the crop. The rain comes to late to produce much benefit to corn. ARC looks for a mixed close…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBT ag markets have extended their overnight rallies in decent volume. Last week’s lack of meaningful crop improvement in the Dakotas despite weekend rainfall has kept the US row crop yield debate alive, while updated model guidance features an acceleration in soil moisture loss across…
CBT futures are mixed at midday following a liquidating break in December corn futures below $5.30. Soybean/wheat futures followed corn to easier levels, but never reached into the red. Soyoil is posting strong gains on the expectation that the Biden Administration won’t break its promise to US farmers on steady to expanding biofuel use made…
CBT futures have been sinking since the opening bell on fund selling and a rumor that China may have sold 1.0-1.5 MMTs of soybeans from their reserve to help short bought crushers manage nearby supplies. The Chinese rumor has yet to be confirmed, but crushers are in one of their closest bought positions in years.…
CBT futures are lower at midday as “risk off” is the theme as Wednesday’s minutes of the US Central Bank indicated that it is moving away from its highly accommodative monetary policy. The 1st step in slowing its accommodation is the end of its purchases of US bonds which is called tapering. The risk off…
