CBOT Lower as Traders Seek China Sales Confirmations; Central US Weather Improves – Midwest Harvest To Expand into November

** Mixed in diminished volume is CBOT values at midday with corn/wheat slightly lower while soy futures poke into the green. Few traders have any conviction on being bullish or bearish amid uncertain trade details between the US and China. And the weekly NASS Crop Progress/Condition report is likely to reflect limited harvest progress and…

CBOT Cautious at Midday Waiting for Confirmation of Chinese Demand to Validate Trump Ag Purchase Pledges

** AgResource Farm Marketing Advice for Monday: 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/ Soybean Producers: Hedge 20% of 2021 soybean production at $9.63 basis November 2021 futures. ** The morning has been mixed with…

CBOT Soars on Short Covering Amid the Expectations for Trade Truce Pact From Trump: South American Weather Improving; Brazilian Soy Sales Huge

** CBOT futures are sharply higher at midday with the US DOW soaring over 400 points on hope that the US/China will sign a truce that includes US agricultural purchases. The corn market has recovered all of Thursday’s losses with November soybeans and Chicago wheat pushing to new seasonal highs. Funds are active on the…

USDA October Report Bearish Grains, Bullish Soybeans; Focus Shifts to US/China Trade Talks and Friday White House Meeting

** The USDA October Crop Report was bearish with US corn yield being higher than expected while soybeans were slightly. CBOT corn and wheat have declined while soybeans have rallied following the report release. US President Trump tweeted this AM that Chinese Vice Premier He will heading to the White House for a meeting on…

CBOT Retreats from AM Highs on Less Snow for Dakotas; Slow US Ethanol Production; Midday Forecast Wetter for Argentina

** CBOT trade is mixed at midday with corn futures lower while soybeans are higher with wheat caught in between. The volume of trade has been moderate to active as traders adjust positions ahead of the USDA October Crop Report and US/China trade negotiations that will start on Thursday. And traders await details of China’s…