CBOT Rallies on the Hope For China Demand Under Phase 1; DOW up 600 points on the Hope for World Bank Intervention; Monday – A Day of Hope!

CBOT ag futures are widely mixed at midday with the summer row crops firmer, while the wheat market sags amid a lack of fresh export demand and fund long liquidation. Funds continue to liquidate net wheat long positions with values well under key 50-and 100-day moving averages. ARC notes that US ag markets are hopeful…

Argentina Likely Soybean (& Grain) Tax Hike Rallies CBOT; Wheat Drops on Fund Length and Sinking Russian FOB Offers; Corn is Caught In Between

CBOT ag futures are mixed at midday. The US DOW recovered following its 2 day lashing on bargain hunting and the expectation that US President Trump will calm nerves regarding the spread of coronavirus in a speech this evening. The unknown for traders is whether coronavirus spread more broadly across the US thereby sparking a…

CBOT Bounces on Short Covering in Thinning Volume into March 1st Notice Day; China Asking Brazil to Delay Soybean Cargo Arrivals

CBOT ag futures are steady to slightly higher at midday on a short covering bounce. The US DOW is breaking on expansion of the coronavirus infections across the world with investors seeking safe harbor. The DOW was down over 400 points at midmorning, producing the largest 4-day correction since August. After rallying strongly since 2009,…