CBOT Awaits US President Trump’s China Conference at 1 PM CT; Central US weather Favors Summer Crop Development

Summer row crop futures are lower awaiting US President’s Trump announcement of sanctions on China for their legislative stealing of Hong Kong’s political freedom. The time for China Press Conference will be at 1 PM CT- right before the CBOT close. This could increase market volatility in the last 15 minutes of trade. US cash…

CBOT Listless at Midday With China Having Booked Brazilian Soybeans for Sept-October; Heat Aids E Midwest Crops

Dull/listless is the midday CBOT trade as an early rally effort failed to garner any buying interest. End users see no reason to chase rallies while speculators appear comfortable with their existing market bets. All eyes are on Central US and European/Black Sea weather as spring seeding is wrapping up. CBOT traders are closely watching…

CBOT Firm at Midday with China Bidding for another 3-5 Cargoes of US Soybeans; Midday Forecast Wettter Upper Midwest

Rising macro-financial markets has sparked some modest short covering in the summer row crops with funds active early buyers of corn. The bears have not been paid over the past 3 weeks and with values not cracking to the downside following the long US holiday weekend, the shorts are losing patience. Amid seasonal price trends…