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…
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…
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…
CBT futures are sharply higher at midday with corn, soyoil, and soybeans pushing to new rally highs. The morning rally has been largely based on tightening US cash markets and historically high cash basis bids that are producing limited cash corn, soybean, or old crop wheat sales from the farmer or reseller. Shorts fear that…
CBT futures are sharply higher at midday. Corn, soybean and soyoil futures have scored fresh contract highs with May soybeans/soyoil being the upside leaders. The volume of CBT trade was extremely active in early morning dealings, but futures/volume have eased at midday. AgResource expects that funds will return near the close with additional buying to dress…
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