Markets opened as expected, and have done little since – save for a modest extension in wheat’s recovery. At midday, corn is up 1, Nov beans are down 4, and wheat futures are up 13-20. EU milling wheat futures have held on to their overnight rally, and concern persists regarding the size of EU/Black Sea…
** AgResource wishes all US clients a Happy 4th! We will not be publishing a PM wire today and return with our normal publication schedule on Thursday AM. ** It’s been a thin volume session at the CBOT with the grains holding in the green with soybean values declining on the prospect that the US/China…
** CBOT selling was heavy in the opening minutes with the funds pressing corn, soybean and wheat futures. In recent Monday’s, fund managers have been sizeable sellers of raw materials amid the hardening trade stance of the US/China/EU/ Canada and Mexico. The hardening stance of the US on trade is a growing concern with US/China…
AgResource Daily Farm Marketing Advice for Friday: 1/ No new advice. Ag markets are trading moderately higher, led by wheat, amid a sharp 4 MMT cut to France’s crop. Black Sea wheat futures have been stable. Following reduced French wheat production, the trade will begin questioning the EU crop as a whole amid less than…
Ag markets are mixed but very little changed at midday. The market is unwilling to put on new positions ahead of Friday’s Stocks & Seedings data. AgResource does not expect any real statistical fireworks tomorrow AM. How Sep-May corn/bean residual use compares to the USDA’s annual forecasts will be most interesting. As for acreage, ARC…
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