After a firm start the CBOT turned mixed with soybeans higher while corn/ wheat futures were weaker. The volume of trade has been curtailed by the uncertainty surrounding Tuesday’s USDA Crop Report. Fund managers are squaring positions and waiting for the WASDE/NASS stocks/crop data. The May WASDE report incorporates the March Seeding Report and will…
CBOT futures are higher at midday based on US corn sale to China and hope that there is additional demand to follow? CBOT corn, soybean and wheat futures are rising on the return of China for US corn amid a cold weather threat for the E Midwest on Friday/Saturday mornings. Funds are buyers on midday…
CBOT futures are weaker at midday in tepid volume. The CBOT opened mixed and quickly uncovered selling based on improved US/Black Sea weather and the decline in energy values. June crude oil will expire in a few weeks and traders are already discussing whether a negative price calamity could impact June futures? Traders remember the…
Slow/mixed with limited interest best describes midday CBOT price action. Corn, soybean and wheat futures have not changed much from the 8:30 AM CT opening with a new US soybean sale to China and corn sale to Mexico offering only background support. Traders will be watching closely to see if China steps up their US…
CBOT grain/soy futures are mixed at midday with the wheat market trying to recover as July KC wheat futures hold their 50-day moving average. Corn and soybean futures are weaker on active planting progress in the W Midwest and the hope that planters will roll in the next 10 days across the E Midwest. And…
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