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.…

Coronavirus Liquidation Slows in a Host of Ag Markets; Next Week Looms Large As China Returns from Holiday; US/South American Farmers Slow Cash Sales

  CBOT grain markets are mixed in slow volume with few traders wanting to add to their risk ahead of the weekend. The US stock market is in big retreat expecting that China and Asian equities will come under sizeable pressure next week. The US Dow is off 400 pints on liquidation amid the Cororna virus…

CBOT Plunges Again on Coronavirus Fear & Risk Off into Month End; GASC Secures French Wheat for March; WHO Says Virus Not Global Health Emergency

CBOT grain markets are lower as funds sell amid the general decline in a host of commodity markets tied to coronavirus and Brexit. The end of the month looms and January has not been a kind start of the year for many managers.  Risk off is the theme with grains/livestock under acute selling pressure. China’s…

Wheat Leads CBOT Lower in Thin Volume Trade; USDA Sec Purdue Has No Idea if Coronavirus Will Alter China Demand for US Ag Goods? Better Argy Rains?

CBOT ag markets are mixed with any directional passion lacking. The volume of trade is slow with uncertainty hanging heavy regarding coronavirus and what if any impact it will have on Chinese purchases of US ag products? ARC looks for a mixed trade with Thursday’s weekly export sales report to underpin corn and livestock markets…