CBOT Scores New Highs in the Soy Complex on Ongoing Strong Demand; Midday Argentine Weather Forecast offers Weekend Showers – Then Dry into ’21

 CBOT summer row crop futures are higher at midday on fresh speculative buying and a lack of resting sell orders overhead. March corn is testing its November 30th high at $4.30 while the soy complex has scored new contract highs with January soyoil futures rising to $40.28 cents and March soybeans reaching $12.23. March soymeal…

Soybeans Test $12.00 for the 5th Time with March Reaching $11.99; Brazil Senate Bill Allows Foreigners To Own Farmland; EIA Corn Ethanol Data Neutral

CBOT futures are mixed at midday with summer row crop futures higher while wheat futures sag on profit taking of the recent Russian tax related rally. CBOT volume has sagged from yesterday’s active trade with traders being more cautious ahead of the holidays. ARC Research looks for a mixed CBOT close with March soybeans unable…

GASC Buys Romanian/Ukraine Wheat at 5 Year Price High; NOPA November Crush A Record 181 Mil Bu; January Soybeans Push Above Last Weeks High

CBOT futures are mixed at midday with soybean futures turning back higher as the early morning break uncovered limited speculative selling. US and South American farmers have virtually shut down their cash selling over the past 2 weeks. And if CBOT futures are to weaken, it must be based on speculative liquidation. ARC notes that…

Will Russian Gov’t Follow the Duty Rumors with a Decree on Tuesday?; US Soybean Inspections Record Large Thru Dec 10th; December Futures Expire Today

CBOT futures are mixed at midday with the grains weaker while soy futures hold in the green on threatening South American weather and active US soy product demand. CBOT wheat has been the downside leader on $30/MT Russian export duty rumor, a 17.5 MMTs export quota, with both starting on Feb 15th. ARC cautions that…