Midday CBOT values are mixed with summer row crop futures lower while the wheat market is trying to hold in the green. The volume of trade is active with funds piling into a larger net short corn position while liquidating accumulated soymeal length. ARC looks for a weaker close in corn/soy while wheat tries to…
Midday CBOT values have tried to rally on rising energy values. US corn and soybean futures have recovered on the hope that US Pres Trump has brokered a deal for a 10 Mil barrel/day reduction in Russian and OPEC production. Russia is saying that it has not talked with Saudi Arabia which pulled crude oil…
** NASS/USDA March 1st US Stocks/Seeding Analysis: The reports held something for everyone – actually, some bullish and some bearish for each of the primary US grains and soybeans.   March 1st US corn stocks were bullish while 2020 US corn seedings were bearish, US 2020 soybean seedings were bullish, while stocks were bearish. And in…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBOT grain futures are mixed but mostly lower at midday. Overnight strength in beans and wheat failed to carry through in AM trading as energy markets drift lower. Spot WTI crude is down a full $1 per barrel (5%), with ethanol and RBOB gasoline contract…
CBOT grain futures are mixed at midday. US wheat futures have rallied on news of the Russian export quota proposal to President Putin by the ag ministry of 7.0 MMTs from April through June. Corn/soybean futures have retreated on the potential of reduced world demand due to the dramatic slowing of the US economy. Although…
