CBOT Mixed at Midday in Sliding Volume as Mideast Tensions Ease; Traders Focus on CONAB Wednesday and USDA Report Friday. Choppy Trade Expected

CBOT futures are mixed at midday with soybeans recovering while the grains sag. The corn market ran into fund selling as March fell below the 20 and 50 day moving averages and broke out to the downside on the charts. Funds are heavily long wheat which makes this market vulnerable to profit taking, while the…

CBOT Grains Sputter but Soybeans Hold Strong on China VP Liu He Coming to the US to Sign Phase 1 Deal

CBOT futures are mixed at midday with an early grain rally failing. March corn and wheat bumped up against key technical resistance and retreated. Soybean futures have held stronger with March futures reaching a new rally high of $9.525. Soyoil surged following the big overnight gains in palmoil. Profit taking has been noted by the…