CBOT Strongly Rallies to Start the Week on China Pricing of Old Crop US Soybeans and General Macro Economic Buying

**   CBOT futures are strongly higher at midday with May soybeans back targeting $9.00 – a holding point for spot futures for many months. There is strong talk of additional China pricing of old crop soybeans with buying interest in a new crop position (Sept-November), while the grains rally on short covering.    The volume…

USDA March Report offers Bearish Surprises on Corn Stocks/Seeding

     ** AgResource Analysis of the NASS 29TH Report **               March 1st Stocks        Average Analyst Est        2018 Stocks              ——————– Mils of Bus —————————– Corn           8,604                      8,336                 8,892 Soybeans       2,715                      2,719                 2,109 Wheat          1,591                      1,543                 1,495               March 1st Seedings       Average Analyst Est       2018 Seeding             ———————- Mils of Acres ————————-…