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…
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…
Mixed with little direction is the CBOT at midday. Corn/soybean futures are firm at midday with wheat futures trading lower in Chicago and little changed in KC. The CBOT lacks direction with no new Chinese demand announced this AM, and rumors of new Chinese purchases lacking. China is asking for offers on a host of…
Choppy with little direction are CBOT values at midday. The elevated prospect of rain for the Plains/Midwest over the next 2 weeks is capping rallies while the uncertainty of the July weather pattern & future US export demand (China) is underpinning breaks. Heading into the weekend, ARC Research doubts that the bulls/bears will be able…
It has been a mixed morning of CBOT trade as heavy opening selling in soybeans and soymeal did not uncover follow through. December corn tested Monday’s low with a fund buying 4,900 contracts in a minute bringing values back to unchanged. Wheat prices are lower on the ongoing massive fund selling. Wheat open interest rose…
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