CBT Tentatively Higher on Concerning Central US Weather; Census 2020/21 Corn Exports 153 Mil Bu over FGIS – Tightenig US Corn Stocks!

CBT futures are sharply higher at midday as the market adds weather premium to price amid the fall in US spring wheat and corn crop conditions. ARC maintains that US corn/soybean crop conditions have set their highs for the 2021 year on their initial release. Adverse weather and seasonality will produce a slide in weekly…

CBT Corrects off Overnight Highs on Index Fund Roll and Expectation of Strong Crop Ratings; Spring Wheat Crop Suffers Under Weekend Heat

CBT futures are mixed at midday with an early CBT wheat break unable to follow through to the downside on tightening world wheat supplies and talk that the Black Sea wheat harvest will be delayed by 2-3 weeks. The initial wheat selling was tied to the GFS operational forecast model that is trying to place…

CBT Soars on Worrisome Heat/Dryness for the Central US through mid June; Extended Range 11-15 Day Forecast Hot for Lake States

CBT futures are sharply higher at midday on better-than-expected demand and threatening Central US weather. Traders do not like to make new purchases at a historically high price heading into a weekend but should the warm/dry forecast for the N Plains and the northern half of the Midwest hold through the weekend, another round of…