AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBT futures are higher at midday with spring wheat futures reversing early gains on profit taking ahead of the NASS Stocks/Seeding Report. Corn and soyoil futures have traded mostly higher on tightening old crop cash markets and ongoing dry weather for the N Plains and…
CBT futures are sharply higher at midday with corn and new crop soybeans the upside leaders. Spring wheat futures have sagged from fresh contract highs on profit taking ahead of the Stats Canada Seeding forecast that will be out Tuesday morning. Traders are also debating flooded/drowned out crops in Northern Missouri/Central Illinois along with frost/freeze…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. Ag markets are widely mixed at midday, with spring wheat and canola rising on renewed yield threats in Canada, while CBT markets shed additional premium following the news the US Supreme Court will allow the EPA to grant blending waivers to small refineries. The collision…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBT selling has slowed dramatically at midday. The fear of a sizable hike in corn area (4-6 million acres) along with precip expanding into the Eastern Plains this weekend up till now has sustained a ‘get me out’ mentality in Chicago. Yet, at current prices,…
Corn/Wheat Spread Unwinding; Positioning for W Midwest Storms Thursday/Friday. CBT futures are mixed at midday with corn and soybean futures lower while wheat hangs in the green on curtailed North American supplies. Spread trade has been active with the July/December corn spread pushing out to a new rally high at $1.31 July premium while soyoil/soymeal…
