CBOT grains have moved lower at midday on the prospect of rain across parched Northern Brazil and a further fall in energy values. Israel is reporting that it is holding back on its Gaza invasion until the US can set up missile defense systems across the Middle East. This sparked selling in crude oil. Yesterday,…
CBOT grains are lower and soybean/soymeal firmer at midday. The volume of trade was active following the opening but has since slowed. Corn and wheat markets continue to trade in broad ranges while soybeans find support at $12.70-12.80 relative to November soybean futures. Soymeal is gaining on soyoil with the oil share spread falling to…
Wheat/soymeal are in recovery with corn/soybean and soyoil values holding in the red. Large orders have pushed the CBOT intraday as the market recovers from Fridays across the board mid-session selling. The weekend Argentina rain was welcomed which along with the inability of the world energy market to rally has left traders “flat footed” coming…
The CBOT is mixed at midday with the summer row crops lower while wheat holds in the green. And soyoil futures are higher and soymeal is down in a reversal of recent day price action. Spot Chicago wheat is back above $6.00 with December corn futures rose to their highest price since August 2nd at…
Mixed are CBOT grain markets are slightly higher at midday. December corn and December Chi wheat futures are up 2 cents, while November soybeans are up 1 cent. CBOT price movement has been modest this morning, but there has been market emotion amid the oil share spread unwind and the bears that see CBOT soybeans…
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