CBT Corrects as Funds Par Risk on Margin/Limit Hikes; US Corn Exports to China Strong; Not Enough Rain for the N Plains/NW Midwest into mid May

CBT grain/soy futures are mixed at midday with July corn leading the rally while fund managers pare their market risk amid rising margin/daily position limits. AM selling is due to “Value at Risk” (VAR) calculations as CBT daily limits rise along with position limits. Both increases have risk managers telling traders to trim their exposure…

CBT Mid Morning Rally Fails as May Futures Turn Mixed into Delivery on Friday; US Export Sales as Expected; May Day Holiday Looms for the EU/Asia

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBT grain and soy futures are mixed to weaker at midday as the leadership on the May futures contracts fades. The volume has subsided from recent activity with most traders awaiting to see whether any cash deliveries will be posted against May futures. Tightening US…