CBT Futures Retreat as Midday GFS Adds Rain to Northern Plains for Next Week; Canadian Midday Stays Dry with US Ensemble Model also Drier

CBT futures are slightly lower in back-and-forth trade as the market tries to gauge early summer Central US weather – and what will be the US pattern heading into July? Traders understand its only June 3rd – it is the Central US weather pattern in future weeks that will have a far more important impact…

CBT Soars on Threatening N American Weather Forecast; Funds Add Risk Across Commodity Spectrum; US 2020/21 Corn Exports Understated

Sharply higher are CBT futures at midday with Minneapolis spring wheat futures testing their prior highs while corn, soybeans and soyoil surge and follow. It is difficult to find a commodity market that is not higher today with “risk on” the feature on the 1st day of June (and summer). The CFTC report showed that…

CBT Corrects Thursday’s Gain on Profit Taking into 3 Day US Weekend; Russian Floating Export Taxes are Complicated; Frost/Wind in S America

CBT futures are lower at midday in a corrective session following Thursday’s sharp rally. US and world importers/domestic end users used the Tuesday/ Wednesday break to add to their forward length while the bulls need adverse weather to push their stance next week. The CBT ends the week with sort of a stalemate with the…