CBT Falls to Sharp Losses on Fund Selling Amid a Lack of Resting Buy Orders From China;StoneX Yields Out This PM; GFS Wetter for Lake States

All Members, Midday Commentary

CBT futures are sharply lower at midday with corn, soybean and wheat coming under acute selling pressure. November soybean futures fell below the 50- and 100-day moving averages which triggered resting layers of sell stops. The stops pushed November soybean futures back to key support at $13.00-13.10. Corn/wheat followed the complex lower following active opening…

CBT Corn/Wheat Rally Strongly on Fall in Private Brazilian Corn Estimates; GASC Books just 60,000 MTs of Romanian Wheat; Midday GFS Drier

All Members, Midday Commentary

CBT futures are higher at midday as the overnight selling pressure abated. Grain futures rallied sharply which has pulled soybeans higher on China Covid related selling amid the fear of economic slowing. The volume of CBOT trade today is well above late last week as a new month starts.   Wheat has been the CBT…

CBT Sharply Lower on Fund Selling/Profit Taking Ahead of the Weekend; Midday GFS Drier for S MN/IA with Hot Temps After August 4th

All Members, Midday Commentary

AgResource Farm Marketing Advice for Friday: 1/ Corn and Soybean Producers should enter a basis contract and deliver 10% old crop corn/soy against September futures. ARC will advise when to set the CBT price during August. Decatur corn is bid at $1.30/Bu over September futures for FH August delivery. AgResource Midday CBT Comment/Analysis;  CBT futures…

CBT Mixed at Midday as Traders Wait to Buy the Market After Thursday’s Poor Weekly Export Sales Report; Midday GFS Drier for Plains/Lakes

All Members, Midday Commentary

CBT futures are mixed at midday with an early rally failing in soy/corn (same as yesterday). Traders are not willing to chase a rally with showers falling across East Central and South Central Minnesota (and potentially far NE Iowa) this afternoon. The green radar blobs limited traders in chasing the early CBT rally, but old/new…