Funds Pile into New CBOT Length; China Buys 8 Cargoes of US Soybeans Overnight; Fund Length in Soybeans Record

CBOT futures are strong at midday with only a moderate decline from the opening high. Volume and fund buying are active with corn, soybeans and wheat each scoring a new rally high. November soybean futures have reached $10.5975, December corn $3.92, with December Chi wheat at $6.115. In the case of wheat, this is the…

Soybeans Lead CBOT Higher on Massive Fund Buying; What will Russian Farmers Plant Next Spring; Delta Cat 4 Hurricane?

CBOT values are sharply higher at midday with rumors of fresh Chinese soybean purchases and another round of massive fund buying. The sharp CBOT rally comes as a surprise with the USDA October Crop Report due out on Friday. Normally in the gut slot of harvest, the marketplace would be more passive as cash pipelines…

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…