Wheat Sags to a Fresh 2 Month Low; EU Weather too Dry as Wheat Crop Heads; CBOT Soybean Market Awaiting China

Midday values are mixed with soybeans firmer, wheat lower and corn caught in between. The CBOT appears to be trading technicals (charts) with fresh fundamental news lacking ahead of a pending long US 3-day weekend. Funds have been sellers of wheat/corn while securing modest amounts of soybeans/soyoil. The volume of trade is diminishing at midday.…

Lacking Inspiration – CBOT Mixed to End the Week; EU Weather Forecasts Need to be Watched; Phase 1 Not Falling Apart

CBOT values are mixed at midday in thinning volume. Oats have rallied to near parity with corn (last time this happened was in 2014) while soybean and wheat futures chop either side of unchanged. A large order selling 3,300 contracts of Chicago wheat dropped futures 5 cents at 9:50 CT. But, otherwise it’s difficult to…