Soy Complex Extends Losses; No Daily Export Sales Announcement for First Time in 2 Weeks

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT price action since this AM’s opening has been varied. Corn and soybeans values have extended declines while wheat finds modest buying near Dec CBOT’s 50-day moving average. Russian dryness will persist into at least October and the need for soaking rain thereafter will be…

CBOT Softens Awaiting Another Week of Large US Soybean/Corn Export Sales to China; Midday GFS Adds Rain for Ukraine and W Russian in 1 Week

CBOT midday grain trade is mostly lower with soyoil pacing the decline on fund long liquidation amid the acute weakness in palmoil prices in recent days. The corn/soybean markets have been largely followers of the soy product values while December soymeal pushes to a new rally high against $350/ton. Funds have been sellers of Chicago…

CBOT Early Rally Effort Fails as Fresh China Demand from Sinograin Less Certain; GASC Wheat Tender Result Awaited with Big Jump in Russian Price Offer

Confirmed fresh Chinese demand for US corn and soybeans pushed CBOT futures higher while traders await news on whether Egypt will pay higher prices to secure November Black Sea wheat. The corn market has lagged the wheat/soybean rally on better than expected yield reports while the large long position held by fund managers produces a…

Risk Off is Mantra at CBOT on Financial Market Weakness; Will China Step Forward with New US Soy Purchases?; Farmers tell ARC they Prefer to Cut Soybeans

CBOT grain futures are sharply lower at midday with corn, soybeans and wheat all sinking on profit taking and the concern of slowing Chinese demand for US soybeans in the days/weeks ahead. Funds have been moderate sellers, but totals have not been large. End users have orders resting below the market. The fund selling is…