CBOT Mixed at Midday as Volume Sags; Fresh Chinese Soybean Demand Lacking while Russian Wheat Export Quotas Loom

CBOT midday values are mixed with fund buying noted on the early weakness amid bullish technical price trends. News that US President Trump has been infected with Covid-19 pressured a host of financial markets overnight. However, the reassurance of that Trump’s infection is mild produced a modest bounce of stock and commodity markets. CBOT trade…

Bullish Surprises Abound in NASS September Stocks Report; Soybean Residual Most Confusing on prior data; Need for large 2020 Brazilian Crop Grows

The September USDA Stocks in all Positions and Final 2020 US Small Grains report was bullish with US corn stocks falling to 1,995 Mil Bu while US wheat 2020 production was trimmed to 1,825 Mil Bu. CBOT futures soared on the news as South American and Russian weather condition become more important going forward. December…

CBOT Sags on Harvest Pressure/Profit Taking Ahead of the September 1st Stocks and Finale Small Grains Report; Argentina to Relax Soybean Export Tax?

CBOT prices are lower at midday with corn, soybean and wheat futures weaker on fund liquidation heading into the end of the month. China did not show up as a buyer of US soybeans or corn overnight. Increasingly, traders believe that China has most of their September-January purchase book is in place (85-90%). Chinese crushers…