CBOT Lower on Fund Selling Tied to Friday’s USDA Report; Russian Ag Minister Stays the Course for 2018/19 Wheat

** Lower prices have dominated the CBOT this AM with corn, soybean and wheat futures down on technical and fund related selling. The bearish hangover from Friday’s USDA February report along with down trending charts has left the market with a void of buyers. US/China trade negotiations have not offered any new developments (its overnight…

Long Awaited USDA Report Fails to Offer Inspiration: CBOT Mixed with Trade Eyes Turning to US/China Talks Next Week

** USDA February Crop Analysis: The February report will not alter prevailing range bound price trends at the CBOT with traders turning their attention to the coming US/China trade negotiations. ARC sees the report as positive for corn and soybeans, and neutral to wheat. ** Corn: NASS lowered their US corn production by 206 Mil…

US/China Trade Comments From US Trump Economic Czar Kudlow Pressures CBOT Values; USDA Report Just 24 Hours Away

** Fund short covering was the theme of recent days as CBOT values bumped up against the top end of a range. However, fund liquidation is pressuring values this morning as the bulls adjust their positions (down) ahead of Friday’s USDA February Crop Report amid bearish news on US/China trade negotiations.    Funds/small traders are…