CBOT Consolidating Gains Heading into a Long US Weekend; Midday GFS Forecast remains Wet into June 2nd

** Opening commercial and fund buying lifted CBOT corn, soybean and wheat futures off their overnight lows with corn/soybean futures pushing into the green. New crop December corn is leading the rally with wheat acting as a drag on July corn. Cheap domestic wheat prices and potential quality discounts could trim US summer corn feeding…

Massive Cash Corn Selling Pulls CBOT Off Morning Highs; Midday Central US Weather Exceptionally Wet across Central Midwest

** AgResource Daily Farm Marketing Advice for Tuesday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.14 basis Dec 2020 futures, 20% at $4.19 and 20% at $4.23. This would price 60% of the anticipated 2020 corn crop at an average of $4.19. ** Filled at $4.14.                                  2/Corn Producers:…

CBOT Corn To New Rally High on Wet Midwest Forecast, Focus on Planting Progress in Weekly NASS Report

** Green is the morning as CBOT corn leaps above the 200-day moving average for the first time since June of 2018! July corn pushed above $3.8675 (200 day MA) while wheat follows on quality/quantity concern for the reproducing winter crop. Soy has recovered a good portion of Friday’s loss as latent planting causes farmers…