** 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…
** 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…
** 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…
AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. Ag markets are steady to lower at midday as cool Central US temps battle against falling world cash grain markets. ARC also that…
** AgResource CBOT Midday Analysis: Mixed is the CBOT midday trade with soybeans firm while the grains hold in the red. The volume of trade has been active with traders trying to understand why soybeans are rising and the grains declining? Some speculate that corn is lower as Delayed Pricing (DP) contracts that farmers hold…
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