CBOT Falters on Brazilian New Crop Sales Amid China’s 10 MMTs of Duty Free US Soybean Imports; Traders Want Cash Confirmation of China Demand

** AgResource Farm Marketing Advice for Tuseday:1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop.    2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales to…

CBOT Sinks on Slowing US Corn Export Demand; No Evidence of Fresh China Demand for US Soybeans; Brazilian Weather Stays Wet

** CBOT grains are easier with soybeans holding in the green in mixed midday action. An overnight rally failed to gain any bullish euphoria with the Midwest harvest to restart in the west on Tuesday. The US soybean harvest will surpass 50% sometime this week with corn to reach that same level during the closing…

CBOT Rises on China Hope and Moderate Fund Buying; Better Harvest Weather Through the Weekend; FAS Weekly Sales Report on Friday

** CBOT prices are higher at midday on fund buying and the hope that China is securing US soybeans and grain. China confirmed overnight that it will buy US ag commodities – but as you can expect, it did not provide tonnages or the timing of shipments. The purchase confirmation by China is a step…

China Political Uncertainty Calmed by Midday Trump Comment: US Farm Cash Corn/Soybean Sales Causing Midwest Basis Leaks; Brazilian Farmers Lock Down Profits

** The morning has been mixed with US wheat futures firmer while summer row crop futures hang with losses. Soybean futures have been able to trade on both sides, but corn values are firmly the red amid slowing US corn export demand and the expanding Midwest harvest. ARC looks for a mixed close as CBOT…