CBOT Mixed in Thinning Volume as Favorable Central US Weather Battles Prior Demand from China for US Soybeans; Soybeans Nearing Seasonal Peak?

 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…

Corn Unable to Fill Chart Gap on Better US Farm Movement of Old Crop; China Soy Demand Cools into the Weekend; Black Sea Wheat Supply Edges Lower

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…

Markets Listless at Midday; Midwest Temps Cool Beyond Weekend

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.…

CBOT Bounces on New China Purchases of US Soybeans; Central US Weather to Cool with Regular Rain; China Selling back Ukraine New Crop Corn Purchases?

CBOT values have posted a modest midday recovery and “shaken off” the rising political tensions between the US/China. Short covering in corn/wheat has fueled the upside recovery from recent day lashings, but a trend reversal does not appear to be in the offing amid improved Central US weather. ARC looks at today’s CBOT recovery as nothing…