AgResource Midday Commentary; CBOT Soyoil Breaks out of Key Chart Pattern; China Books Additional US Soybeans: GFS Midday Forecast Wetter for Southern Brazil
CBOT grain futures are higher at midday with corn, wheat and soybean gaining on chart-based buying amid economic stability worry across Argentina and falling crop ideas in Brazil. Declining Brazilian corn/soy crop estimates underpins the CBOT on breaks. And December soyoil futures have pushed above the neckline of a head-and-shoulders bottom which sets a target…