CBOT ag futures are mixed at midday in a reversal of Wednesday’s action, summer row CBOT futures are weaker while the Chi wheat market bounces. The volume of CBOT trade is subsiding as traders deal with the extreme volatility of world equity markets and the unknown economic impact of coronavirus. The DOW fell to 800-point…
CBOT ag futures are mixed at midday with wheat futures lower while the summer row crops push higher. The March/May corn spread has pushed out to an unusual 2 cent premium while May soybean tests resistance at $9.10. Funds are short of corn/soybeans and long of wheat which appears the driver of CBOT direction as…
CBOT ag futures are mixed at midday with corn and wheat higher, while soybean futures have traded either side of unchanged. Volume has been modest. The US Central Bank provided an emergency 50-point basis cut in lending rates which surprised the world financial marketplace. The DOW rallied 200 points following the Fed’s rate cut but…
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…
AgResource Farm Marketing Advice for Friday: 1/ Corn Producers: Sell 20% of your 2019 corn crop if May corn futures reach $3.80. This would push 2019 corn sales to 80%. CBOT ag futures remain in correction mode at week’s end. The Dow is down another 750 points, firmly position in correction territory, while spot WTI…
