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…