AgResource Midday Commentary; Soymeal Rally Continues with Soyoil In Retreat on Oil Share Spread Unwind; US SRW Wheat Sales Commitments Reach 96 Mil Bu or 66% of Annual Forecast: GFS Drier at Midday for N Brazil

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…

AgResource Midday Commentary: CBOT Steady/Higher at Midday; Wheat Leads Rally; US Ethanol Production Begins Seasonal Expansion

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice.                                           CBOT ag markets are mostly higher at midday in still-thin volume. Wheat’s led the way so far, with spot Paris milling wheat up €4.00/MT ($.11/Bu) and testing highs scored in mid- and late September. A specific catalyst is lacking, but ARC this week has highlighted…

AgResource Midday Commentary; CBOT Mixed as Soymeal Rallies Above 200 Day Moving Average; Grain Prices Sag on Ongoing US Corn Harvest; Northern Brazilian Dryness Needs to be Followed

Midday CBOT grain markets are mixed in thinning volume. The grains are under pressure while soybean/soymeal values hold in the green. Soyoil is enduring modest selling pressure on the unwind of oil share spread while Midwest cash basis bids are steady/firm on tightening cash soyoil supplies. Traders are debating historically tight NOPA soyoil stocks amid…

AgResource Midday Commentary; NOPA Member Soyoil Stocks Fall to 9 Year Low at 1,100 Mil Pounds – Demand Bull Market Unfolding; Northern Brazilian Dryness Looks to Continue; Corn Lower on Open Midwest Harvest Weather

CBOT grain markets are mixed at midday with corn weaker while soybeans and wheat futures are higher. Soyoil has pushed to heady gains based on NOPA member soyoil stocks falling to their lowest levels in 9 years at 1.1 Bil pounds due to record large domestic soyoil demand. The CBOT has a firm undertone to…

AgResource Midday Commentary: CBOT Mixed at Midday; China Continues Wheat Buying Spree; Soy Export Demand Remains Tepid

AgResource Farm Marketing Advice for Friday: 1/ No new advice.                                           CBOT grain markets are mixed at midday, with the soy market retreating from Thursday’s dramatic rally on tepid export demand, wheat adding premium on newfound interest for US origin from China, and corn caught in between. Participation rates remain lackluster. Position squaring dominates price discovery…