New Contract Lows in December Corn; Spot KC Wheat Futures Reach Lowest Price Since 2005! No Midwest Frost/Freeze Into Sept 19th

** AgResource CBOT Midday Analysis: World wheat prices are pacing the CBOT decline this AM with Black Sea values offered $3-4/MT below where they closed out last week. Russian 12.5% wheat is being offered at $186/MT down $3/MT which has pressured EU and US wheat values to start the week.   CBOT corn/soybeans are following wheat…

CBOT Mixed in Slowing Midday Trade; Wheat Deliveries Weigh; No Central US Frost/Freeze Seen into September 16th

** AgResource will be Releasing our Weekend Wire this Afternoon via the US Labor Day Weekend. ** AgResource CBOT Midday Analysis: Futures are broadly mixed at midday with corn/soybeans firm while the US wheat futures sag on heady world supplies amid the largest September deliveries in years. Sept Chi wheat has nearly filled an open…

Trump To Offer “Giant Package” for US Ethanol Industry; US/China Talk Trade Today; No Midwest Freeze into September 15th

** AgResource CBOT Midday Analysis: Political headlines regarding US ethanol and US/China trade produced sharp gains on the CBOT opening as funds covered recent corn short positions with few resting orders above the market.  The CBOT lacks resting orders as the US farmer is bullish and not wanting to sell crops (uncertain on supply and…

CBOT Rallies on USDA Sec Comment on BioFuel at Farm Progress Show; No Central US Frost/Freeze Risk into September 14th

** AgResource CBOT Midday Analysis: CBOT values have rallied into mid-session as USDA Sec Perdue stated that the Trump Administration is looking for ways to boost US Biofuel demand including infrastructure. No exact timeframe for an announcement was offered. The early price slide was based on abundant world wheat supplies and the pricing of DP…