AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT midday values are mixed with wheat lower, while soybeans/corn are slightly higher. Technical and fund buying has been evident in the summer row crops, while wheat sags on stable world wheat prices. French wheat futures are struggling against $197 euros/MT while trade talk has…
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 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…
CBOT prices are mixed at midday the grains reversing early losses with wheat pacing the rally. December corn test key support at $3.60 and reversed while KC December wheat bounced from trendline support at $3.70. The volume of CBOT trade has been better than expected with active profit taking noted in Long soybean/Short corn and…
 CBOT prices are mixed at midday with corn/soybeans trading firmer, while wheat futures sag. Volume totals are down from recent days as traders struggle to balance dry South American and Russian wheat against slowing Chinese demand for US corn and soybeans. Neither the bulls nor the bears have much conviction at midday. A mixed CBOT…
