CBOT values Sink Further on China Phase 1 News Report Amid Favorable Midwest Weather; Funds Adding to Grain Shorts

Corn, soybean and wheat futures are lower in midday CBOT trade. The volume of trade has been active. The funds are back to selling across the CBOT adding to their net short position in corn/wheat while exiting soybean length. The market can’t seem to shake the duel bearish aspects of record large daily US covid-19…

Ethanol Data Produces a Brief Bump in Corn Futures; Favorable Central US Weather is Key Fundamental into Close

 Mixed in a reversal of Tuesday’s price action are CBOT values at midday. Soy/wheat values are weaker while corn bounces on better than excepted US weekly ethanol production. Trade volume is modest as traders do not desire to expand their market risk heading into the weekend and next week’s USDA June Stocks/Seeding Crop Report. And…

Corn Futures Bust to Downside on the Charts with December Close below $3.39; Central US Weather Forecast Favorable

Mixed at midday is CBOT trade with wheat and old crop soybean futures being slightly higher while corn prices sag on record large US production potential. The 1% gain in US GD/EX corn conditions to 72% with future condition gains forecast into mid-July has corn prices under pressure. The 2020 US corn crop d has…

Summer Row Crop Prices Sink on Favorable US Weather; China Seeds Confusion on Covid-19 Assurances in Ag Imports

Mixed/low volume is CBOT trade at midday with corn the downside leader while the soybean/wheat markets trade either side of unchanged. Traders are looking for a decline in US corn/soy and spring wheat crop conditions this afternoon. Traders will likely buy the CBOT going home looking for a turnaround Tuesday bounce. How vigorous of a…