CBOT markets are mixed this morning with wheat holding in the green while corn/soybeans sag on favorable Central US weather and rising yield potential. USDA/FAS did not announce any new Chinese purchases of US soybeans – for the 2nd day in a row. It appears that China’s buying has slowed since late last week with…
CBOT grain markets are lower at midday on rising US yield estimates. Debate is widespread as to how big-is-big in terms of corn/soybean yields, but the trade won’t fully know until the September NASS crop report. Remember, the August NASS report only queries US farmers on their yield expectations; but following recent rain/mild temperatures, most…
CBOT grain markets are mixed at midday. The grains (wheat/corn) are lower while the soybean market tries to hang in the green and measure Chinese interest. IKAR- a respected Russian ag consultancy – raised seeded/harvested wheat area while there is no indication that China is showing interest for US/world corn. USDA did announce the purchase…
CBOT grain markets are mixed at midday. Wheat has been the upside leader on fund buying and the cash rally in the EU/Black Sea. Wheat/corn spreading is in vogue (again) as traders bank profits on their long soybean/corn spreads. ARC looks for a mixed CBOT close on differing fundamentals. ARC is not hearing any fresh…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT ag markets are steady to weaker at midday with enthusiasm over establishing new positions lacking. Corn and wheat futures remain reluctant to break through chart-based resistance amid favorable Central US and Canadian weather, while confirmation of Chinese demand for US SRW has offered support.…
