Red has been the color of the morning with CBOT corn, soybean and wheat futures lower at midday. The macro financial markets have a bearish feel with US equity and crude oil prices sliding while the US dollar has rallied against the Ruble/Argy Peso. The greenback is stable Brazilian real at 4.90:1. The Argentine peso…
It has been a mixed morning with back-and-forth type of CBOT trade. Soybean and wheat futures are sagging while corn tries to hold in the green at midday. The volume of trade has declined from a rather active morning with fund managers noted covering some of their net short corn position. ARC looks for a…
 Friday’s trade is mixed with corn/soybeans slightly firmer while the wheat market sags ahead of the advancing Plain’s wheat harvest. Trade volume has been better than recent sessions with the July index roll starting at the close – and continuing for the next 5 days. US farmers are rewarding the rally with old crop cash…
 CBOT wheat/soybean futures have rallied to sharp gains with corn being pulled along at midday. The euro currency rally occurred as their Central Bank left interest rates at 0% but promised to be a huge buyer of another $600 Bil euros ($672 Mil dollars) through their Pandemic Emergency Purchase Program (PEPP). The PEPP news pressured…
Rising Russian fob wheat and a sharply higher Brazilian Real are two CBOT fundamental price drivers this morning. Funds have been modest buyers of the rally with US farmers starting to increase their sale of old crop corn stocks. With an estimated 50% of the US corn crop to be pollinating by July 14th, the time…
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