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…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBOT values are again mixed at midday. Row crops have added to overnight losses as better than expected rain works across Central IL and as midday weather updates lack sustained heat and dryness into the opening days of August. Recorded precip in the last 24…
CBOT values are widely mixed at midday. The grains lower while soybeans hold amid ongoing interest from China. Corn bounced from the morning lows on larger than expected weekly export inspections. December soymeal has an open chart gap at $300/ton which is solid resistance before the complex turns back lower. Wheat futures gapped lower on…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. CBOT values are mostly firm at midday but there’s real lack of activity in AM trading. Corn and beans have held onto modest gains while wheat trades both sides of unchanged. Paris milling wheat futures look to end the day and week slightly lower, and…
CBOT values are mixed at midday with corn/soybeans firm, while the wheat market sags on diminished fund buying. Spread unwinding has been the morning’s feature with wheat/corn and soybean/corn spreads being exited. The volume of trade is average, but few end users desire to chase corn/ soybean markets higher amid a favorable Central US weather.…
