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…
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…
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 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…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT grain futures rallied following the USDA October Crop report as US ’23 corn/soybean yields came in slightly below average trade estimates. The US corn yield was 173.0 BPA, down .5 BPA from trade expectations and down .8 BPA from August. And the US soybean…
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