CBOT markets are lower at midday amid macro concern and an ongoing lack of fresh news surrounding US-Chinese trade negotiations. The next meeting between the two takes place later this week in Beijing, but in the last week the lack of news has emboldened world grain bears. Interest rate yield curve inversion has been a…
Ag markets at midday are mixed but off morning highs. Weakness is partially a function of additional US-China trade uncertainty and partially due to recent selling in South America. We highly doubt any new trend can be established ahead of Friday’s USDA data, and really until US weather in the first 2-3 weeks of April…
** CBOT futures are firmer at midday. Early weakness in corn/wheat was short lived with soy futures holding generally in the green. The volume of trade is modest with traders lacking directional market conviction heading into Friday’s NASS Stocks/Seeding Report. The market has a firm feel to it, but May corn would have to close…
** Strong grains and weak soybeans are the CBOT trends at midday. May corn has run up against the 50-day moving average at $3.8025 which is where temporary selling pressure has emerged this AM heading into March option expiration. A close above $3.805 May corn would start to chase the funds out of their net…
** Its been another morning of choppiness with wheat futures failing to carry through to the upside, while corn futures surge on China demand rumors. Structural grain trends are hard to find with the US/China starting a new round of face-to-face trade talks and USDA reports due out on March 29th. Neither the…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
