CBT futures are mixed at midday. Soy futures are lower on the weakness in other vegoil futures, and the rain forecast for the Northern Plains and W Midwest on Friday and the weekend. The forecast calls for .25-1.25” of rain for key crop areas that have been in a dire drought since May. Corn/wheat futures…
CBT futures are mixed at midday. The CBT continues to measure US yield while also seeking a price that builds demand for US corn/wheat. US corn purchases by importers have not ramped up, while US wheat is the most expensive in the world. This has produced a CBT correction of last week’s USDA Crop Report…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBT futures are mixed at midday in modest volume. Neither the bulls or the bears have been able to build any momentum with values chopping back and forth. Paris wheat futures have declined from last week’s high to a lower closer. Algeria’s tender is likely…
CBT futures are higher at midday with active end user and fund buying noted following the opening. US funds/traders react to the USDA data in real time following the report, but Asian and European traders catch up in the day following. With European markets now closed for the weekend, its back to domestic US end…
The USDA August Crop Report was bullish with US corn/soy yields falling below trade expectations. NASS pegged the US corn yield at 174.6 BPA, a decline of 4.9 BPA from trend with soybeans at 50.0 BPA, a drop of .8 BPA from trend. The smaller yield produced an immediate rally in CBT futures with December…
