Sell the Fact Trading as China Grain Buying Confirmed; Corn Sags on US Ethanol Demand Cuts; Traders Cutting Risk Amid Urban Closure Fears

CBOT grain futures are mixed at midday. “Sell the fact” trading is noted with China confirmed as a buyer of US wheat/corn and old crop soybeans. Corn has been the downside leader as the US ethanol industry continues to shutter facilities amid deeply red margins. Soybean and wheat futures has been able to hold on…

Market Turmoil Accelerates as US Businesses Close; Corn Paces Decline on Ethanol Closures; China Rumors of a few Cargoes of US HRW Wheat

CBOT ag futures are widely mixed at midday. US corn values are in decline on the pending loss of ethanol demand while corn/soybeans rally on rising domestic cash basis and new potential export demand. The volume of trade has been active with spreading a big feature. As ARC stated in our AM wire, a more…

Early CBOT Short Covering Rally Fails, Demand Questions for US Corn; CME Meat Futures Rally to Limit Gains on Restocking; Goldman Corn Sale

CBOT ag futures are mixed at midday. Wheat/soybean futures are bouncing while corn values hold in the red. Corn prices are sagging on the worry over US export and biofuel demand while technical short covering provides lift to wheat/soybeans. A mixed CBOT close is expected with trade normal rather normal  May corn futures has accelerated…

CBOT Prices Sink on Fund Selling; End Users Face Uncertainty (and Losses) which Limits Their Buying Interest; US Financial Markets Sink on Fear

 CBOT ag futures are sharply lower at midday following a cascade of selling in commodity and equity markets. Traders are reducing their exposure across many markets as they are unable to handle the extreme day to day volatility.  The unforecastable up-and-down profile of US equity markets has added to trader anxiety. Hedge fund risk managers…