Traders Ready for Index Fund Roll; China Buys Another 1.0 MMTs of US soybeans – Market Selling the Fact

It has been a mixed morning at the CBOT with traders positioning for the coming index fund re-balance/roll that starts tomorrow. The roll is expected to cause the selling in corn/wheat and modest buying in soybeans. Traders expect that the rebalance will pressure the grains – and are positioning accordingly. Soybeans are holding on threatening…

CBOT Rallies on Adverse South American Weather and Lower Soy Crop Discussion; US Stocks Rally Sharply

  Bullish macro financial tailwinds from the US stock market (DOW that’s up 620 points) and parched Brazilian weather has lifted CBOT values at midday.     The CBOT continues to add risk premium into price as private estimates for Brazilian corn/soy crops decline. Corn and wheat prices are following the soy rally as hope persists…