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…

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…