CBOT grain markets are mixed at midday. Soy futures are lower on the accelerating Midwest harvest while funds are in their final stages of liquidating stale market length. Wheat futures are higher on news that the US sold 4 cargoes of SRW wheat to China (hearing additional quantities working) while CBOT corn is pinned between…
CBOT ag markets are in recovery as the surprise opening of the US government has traders thinking ahead to the October USDA Crop Report and potential US yield reductions based on the ongoing hot/dry Central US weather trends. Funds which were large sellers of wheat, corn, and soybeans on Friday, and they are covering a…
CBOT ag markets are sharply lower following the USDA September 1st Stocks in All positions and final US 2023 Small Grain Production report. The surprise of the report was a larger than expected decline in final 2023 US corn stocks, and a larger than expected rise in US wheat production. US soybean stocks were slightly…
CBOT ag markets are mixed at midsession with corn higher, soybeans lower with wheat trapped in between. Soyoil is lower as oil share spread unwinding is occurring which has pushed soymeal into the green. Yesterday was just the opposite with soyoil soaring to strong gains as soymeal sagged. The CBOT has been choppy for most…
CBOT ag markets are mixed at midsession with aggressive price offers to GASC pressuring CBOT wheat values, while corn futures rise above chart resistance due to a surge in energy prices. Soyoil/soybean futures are following the rise in corn in expanding volume, while meal sags on expanding US crush operations. A close above $4.83 basis…
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