** The CBOT has fallen on renewed selling as traders generally expect/fear President Trump to apply $50 Bil of tariffs against China on Friday. The media campaign for positive US trade balances by the administration along with insider news reports from agencies like Politico, has spurred expectations. ARC notes that by our analysis, soybean…
** The WASDE/USDA report was considered bullish with falls in US 2018/19 US corn, soybean and wheat end stocks. The marketplace rallied following the news, but before traders get too bullish, they want to assure themselves that the US will soft peddle on China regarding trade. If the US does not announce the list of…
** Fear and fund liquidation has pushed the CBOT sharply lower this morning with funds exiting stale long positions ahead of the Singapore Summit and the USDA June Crop Report on Tuesday. ARC would note that CONAB will also be out with their Brazilian crop updates tomorrow morning. A cut in the Brazilian corn crop…
AgResource Daily Farm Marketing Advice for Friday: 1/ Livestock Feeders: Extend 100% forward cash corn coverage through September at a price of $3.85 basis September futures. FILLED. 2/ Livestock Feeders: Cover 75% of your soymeal needs through September if September CBOT soymeal futures reach $358.50. FILLED THIS AM. Ag markets are steady to weaker at midday, with wheat leading the way down…
AgResource Daily Farm Marketing Advice for Friday: 1/ Livestock Feeders: Extend 100% forward cash corn coverage through September at a price of $3.85 basis September futures. FILLED. 2/ Livestock Feeders: Cover 75% of your soymeal needs through September if September CBOT soymeal futures reach $358.50. FILLED THIS AM. Ag markets are steady to weaker at midday, with wheat…
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