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. It’s been a another mostly weak session in Chicago, with better than expected rains moving across E IA & W IL. This has…
** AgResource CBOT Midday Analysis: It has been a low volume morning with initial limited interest from fund traders. The CBOT in the reopen, came under pressure, tried to bounce before more aggressive selling then pushing values down to new daily lows. Volume today is down some 15-25% from recent weeks. The CBOT lacks any…
** AgResource CBOT Midday Analysis: It’s a different day and a different market with corn, soybean and wheat futures all higher at midday. Fund selling has slowed, and traders are positioning long ahead of next week’s Pro Farmer Crop Tour. The volume of CBOT trade has not been that heavy with air pockets noted above…
** AgResource CBOT Midday Analysis: Reduced volume and technical healing is the tone at the CBOT at noon. Following 3 days of active fund selling in corn, the market is trying to stabilize with funds again returning to sell the overnight bounce – but in reduced volume. Wheat and soybeans are sagging with spreading noted…
** AgResource CBOT Midday Analysis: Macro market selling has pressured CBOT row crop values this AM as the US DOW falls over 600 points amid the fear of a world economic slowdown. Germany – the strongest economy in the EU is no longer growing and China’s growth is fading. The worry is that the world’s…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
