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

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…

CBT Bounces on Rain Shift South & West on Midday GFS and Talk of Interest from China for Jan-March Soybeans; US Crop Conditions Decline?

CBT futures are mixed at midday with consumer demand noted on the early break which has steadied values heading into the noon hour. China’s big meal trade overnight (600,000 MTs) and their resulting purchase of US soybean futures (January/March) along with cash talk that China has new interest in US corn on weakness has underpinned…

CBT Slides on Wetter Midday GFS Forecast for IA/W IL/TN Late Next Week; Brutally Hot Thru the Plains/Limited Rain; Chart Selling Accelerates

CBT futures mostly lower at midday on bearish technical momentum and weather related long liquidation ahead of the weekend. Traders are waiting to see which extended range weather model is correct before placing any new bets. The bulls are worn out by the inability of the market to rally and are getting out. The bears…