AgResource Midday Commentary; CBOT to Stay Choppy Ahead of April WASDE Release on Thursday; NASS to end County Yield and Livestock Reporting in 2024; Midday GFS too Wet Gulf Coast States – Too Dry Western Plains

More Choppiness! CBOT futures tried to push lower and break to the downside this morning – and failed. CBOT values are weaker at midday, but off the early lows that were set right after the 8:30 AM reopening. The volume of trade is limited at midday as the bulls and bears fight for directional dominance. ARC…

AgResource Midday Commentary: CBOT Firm at Midday; ARC Brazil Raises Brazilian Soy Estimate, Lowers Corn; US Weather Pattern Stagnates

AgResource Farm Marketing Advice for Monday: 1/ No new advice. Ag markets at midday are mostly firm, with only soyoil weaker on crude’s modest correction as the world vegoil market’s rally pauses. Palm oil overnight fell 42 ringgits. Spot European rapeseed is down €4/MT, with cash rapeseed oil in northern Europe flat at €950/MT ($.47/Lb).…

AgResource Midday Commentary: CBOT Steady/Higher at Midday; Argentine Corn Production Estimate Trimmed; Crude at Newer Seasonal High

AgResource Farm Marketing Advice for Friday: 1/ No new advice. Midday CBOT values are mostly firm but off session highs. The addition of premium in wheat was warranted but few want to make long-term speculations on the pace of Russian wheat exports in Apr-June. Ukrainian corn fob premiums have eased slightly, and May corn once…

AgResource Midday Commentary: CBOT Mixed/Uneventful; US Export Demand Cools in Week Ending March 28; GFS Warm/Hot in US mid-April

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. Midday CBOT values are mixed, with corn and wheat steady/higher and beans lower as oil/oil share corrects on weakness in crude. Spot WTI crude at midday is down $.60/barrel at $84.85. Energy markets are overbought and last week’s counter-seasonal modest build in inventories has paused…

AgResource Midday Commentary: CBOT Firm at Midday; US Ethanol Grind Stays Strong; US Dollar Struggles at Chart Resistance

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice.  Midday CBOT values are again mixed, with wheat up 10-12 cents, corn following and soybeans trading both sides of unchanged. A reversal of macro sentiment, a weaker US dollar specifically, has provided a pillar of support to the raw material space as the USD index…