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 futures are higher at midday, but well off their opening rally top. Corn and soybean futures pushed sharply higher after the 8:30 CT opening with corn gaining 12 cents and soybeans up just over 30 cents on active fund buying. The weather forecast turned drier for the Central US, but the bulls desire to…
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 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…
CBT futures are sharply lower at midday with funds massive sellers on liquidation. Midday price direction has been student body-left and student body-right – or basically momentum. The market was unable to garner any rally early this week on threatening Central US weather and the bears sensed a chance to produce liquidation. Fund selling ensued…
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