December Corn Slides into Key Chart Gap at $3.77-3.80; Soybeans Higher on US Tariff Withdrawal for Consumer Items; KC Wheat Nears 10 Year Lows

** AgResource CBOT Midday Analysis: Widely mixed has been the CBOT this morning with a sprinkling of trade politics mixed in as the USTR announced that it would delay tariffs on itemized Chinese products until December 15th. The Chinese products impacted are tech related like; cell phones, laptops and other similar goods. The news caused…

CBOT Mixed as Traders Square Positions Ahead of Monday’s USDA Report; GFS Midday Wetter Across N Midwest/N PLains

  ** AgResource Midday Market Analysis: A short covering spike higher occurred on the reopen with corn the upside leader. Wheat and soybeans followed, but the corn rally sputtered, and the CBOT is mixed at midday. The volume of trade has been better than expected with pre report positioning featured.   The uncertainty surrounding Monday’s USDA…

Midday GFS Wetter/Cooler for the Central US; FAS Weekly Export Sales Horribly Slow for Corn/Soybeans

** AgResource Midday Market Analysis: Higher is midday CBOT trade with corn, soybeans and wheat rising on a combination of the market adding weather premium to price amid active fund buying. Funds appear to be getting out of their shorts heading into Monday’s USDA Report.   Soyoil has been the bull leader as traders start to…

CBOT Caught Between Macro Financial and E Midwest Crop Concerns – Which Way To Lean?

  ** AgResource Midday Market Analysis: It has been a mixed morning at the CBOT with the grains/soy trade either side of unchanged in moderate volume.   The macro factors relating to the US/world financial markets is rattling grain traders ahead of Monday’s USDA August Crop Report. World currency values and the growing prospect of future…