Soybeans Sink on Lackluster Seasonal Demand for US Supplies; Wheat Scores New Rally Highs on Rising World Prices

CBOT corn, soybean & wheat futures are mixed at mid session. It is all about US export demand potential in determining morning CBOT price action. Soybeans are weaker as China is showing no interest for nearby US soybeans while China could book US corn as it’s the cheapest feedgrain in the world with TRQ import…

Rumors Abound on Chinese Purchases of US Corn; Traders Understand Risk of Selling Breaks Post Phase 1; Midday Adds Rain for C Argentina

CBOT corn, soybean & wheat futures are mixed at midsession. Corn has been the upside leader with gains of nearly 8 cents – recovering more than half of Thursday’s loss. Wheat has weakly followed corn with soy futures trading quietly on either side of unchanged. Overall CBOT volumes are low traders not wanting to take…

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…