GASC Secures Russian/Romanian Wheat for March Shipment; Traders Debate What /When US Ag Goods that China will Secure?

CBOT futures are mixed at midday in moderate volume with everyone trying to guess if China will secure US ag goods (if anything) following Wednesday’s Phase 1 Agreement signing. The bulls argue that China will make purchases prior to their January 25th Lunar New Year holiday with the bears claiming that China will sign the…

CBOT Mixed in Thin Volume at Midday; Traders Doubt New China Demand Following US/China Phase 1 Trade Deal Signing on Wednesday

CBOT futures are mixed at midday in thinning volume. Long soybean/short corn spreads are being unwound which is rallying corn and pressuring soy futures.  CBOT corn open interest has increased sharply in the past few trading session with a gain of over 21,147 contracts recorded on Friday. ARC notes that much of the increase has…