CBOT futures are mixed at midday with soybeans/soyoil recovering on US cash strength while corn/wheat hold in the red on ongoing fund long liquidation. The volume of CBOT has slowed at midday with Brazilian fob soybean basis bids stabilizing while traders discuss positioning into a weekend of South American weather becoming more important to yield.…
CBOT soybeans have scored new contract highs while corn/wheat follow. Rumors that China is back booking US soybeans for February has firmed cash basis bids as spot futures to leap closer to the nearby $12.00 target basis January (high price so far at $11.8975). Chinese crushers have covered about 40-50% of their late January/February crush…
CBOT soybeans have scored new contract highs while corn follows. Worrisome South American weather along with the lack of demand rationing has summer row crop prices pushing upwards. US wheat is the laggard (again) as world prices hold stable and Australia stays aggressive in offering its new harvest into SE Asia. Fund managers are selling…
CBOT grain futures are higher at midday. The overnight rally in corn and soybeans has persisted with wheat recovering from early fund selling. The US wheat markets are having trouble sustaining breaks below $5.80 December Chicago with no US world wheat fob price offers holding steady or increasing. Any lasting pressure in US wheat comes from…
Firming CBOT values is the trend at midday with fund mangers returning to the buy side of the marketplace as Midwest/Gulf cash basis bids stabilize. Wheat futures have enjoyed the biggest rally as US vs the EU/Russian fob values have narrowed to their tightest levels in years. Although no new US wheat export demand can be…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
