CBT Retreats as World FOB Values Fail to Follow Through;GASC Cancels Tender on High Price;ADM CEO Calls for US Corn/Soy Seeding to Rise 5 Mil Acres

AgResource Farm Marketing Advice for Tuesday:1/ Corn Producers: Sell 10% of the 2020 crop with May corn at $7.10 or higher. This leaves 10% of the crop to position for a weather scare this summer. Should be filled – if not go to the market.   2/ Soybean Producers: Sell 10% of the 2020 crop…

CBT May Corn/Soyoil Push to Limit Gains; Brazilian Midday Weather – Dry for another 12 Days; The US Exported 76.8 Mil Bu of Corn Last Week

AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: Take profits on long May corn futures at $6.61 for a gain of $2.445/Bu on 40% of the 2020 crop ** Filled on the opening. CBT grain futures are sharply higher at midday with corn, soybean, soyoil, and wheat futures posting new contract highs. Corn is…

May Option Expiration Adds to Late Day Volatility; Brazilian Winter Corn Forecast into May 5th; CBT Expands Daily Trading Limits Starting May 3rd

AgResource Farm Marketing Advice for Friday:1/ Corn Producers: Take profits on long May corn futures at $6.61 for a gain of $2.445/Bu on 40% of the 2020 crop.                                  2/ Soybean Producers: Take profits on Long May soybean futures at $15.47 for a gain of $4.61/Bu on 40% of the 2020 soybean crop. ** Filled It…

Limit Up Corn, Wheat, & Soyoil Push CBOT Values to their Highest Price since 2013;China Bidding for Ukraine Corn?;Brazilian Winter Corn Dryness to Worsen

CBT corn, soyoil and wheat futures are limit up at midday with soybean/soymeal futures sharply higher and in tow. The volume of trade has been active as the market pushes to aggressively ration demand amid rising basis bids that are producing only limited cash movement. Central Illinois corn is said to be bid at 35-40…