Corn Pushes Above 50 Day Moving Average at $3.8375 March; Brazilian Soy Harvest Normal at 15.7%;

CBOT grain markets are mixed at Midsession in a reversal of Thursday’s trade. Recent days have featured back-and-forth CBOT trade with no discernible price trend. March corn has tested support under $3.80 (which held) but has been unable to rise above resistance of $3.90. The same has occurred in wheat and soybeans. The volume of…

Rumors that France is selling Wheat To China under TRQ; Could Corn be Next? Northern Brazilian Weather Forecast wetter at Midday

CBOT grain markets are mixed at midsession with soybeans slightly higher and the grains sagging on renewed worry over China demand. There are strong rumors that China has booked 8-12 cargoes of French wheat today. The buying is likely based on someone executing TRQ import licenses and securing the cheapest wheat in the world –…

CBOT Appears Range Bound Awaiting China Demand News & WASDE Report Next Tuesday; Russian Wheat Export Demand Slows; Weekly Ethanol Data Bullish

CBOT grain markets are mixed at midsession in extremely slow volume. Traders are less willing to be short (bearish) with end users/buyers unwilling to chase a rally amid record large South American crops that are in the making.  And US farmers are tight fisted holders (bullish) awaiting Chinese demand promised under the Phase 1 Trade…

CBOT Bounces With Macro Markets; DOW Up 500 Points; Midday GFS Wetter for N Brazil; Traders Ponder Virus Impact on Nearby China Demand?

 CBOT grain markets are firm at midsession on diminished selling as the US DOW index rallies 500 points as the fear of coronavirus is in retreat. The volume of CBOT AM grain trade has been modest. Aggressive sellers that were present late last week are no longer evident. Traders are leery about being overly bearish…

CBOT Mixed at Midday with Buyers Absent as China Hints that it May Seek Grace on its Phase 1 Purchase Commitment; US Corn/wheat Exports Disappoint

  CBOT grain markets are mixed at mid-session with soybeans firm while the grains sag on renewed fund selling. March corn is back testing key support at $3.71-3.76 as crude oil has fallen to $50.00/barrel. Traders are speculating that China has an immediate need for foodstuffs like meat or other processed products amid the coronavirus crisis.…