AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBOT ag markets are mixed but little changed in thin volume. It’s clear few want to add to existing positions or boost participation ahead of key NASS data on Friday. A clearer yield row crop yield trend will also be known in the next 10…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. Grain and soy futures at the CBOT are steady to higher with soyoil pacing the recovery due to growing renewable diesel (RD) demand with end users taking coverage into Q1 2024. The recent soyoil price break raised RD margins with crude oil/petroleum diesel prices rising…
Grain futures are sharply lower at the CBOT as bearish demand fears grip commodities amid the US Central Bank’s hawkish talk against inflation. End users are booking their cash needs on CBOT breaks, but money managers are in long liquidation mode in soybeans/soymeal and soyoil. Liquidation of stale long soy positions has pulled November soybean…
CBOT grain futures are higher with soybeans weaker at midday. Spread unwinding of long soy vs short grain and long oil vs short meal have been featured this morning. The long soy vs short grain was a popular spread heading into the September USDA Crop report due to late growing season dryness. The volume of…
CBOT grain futures are higher with soybeans weaker at midday. Spread unwinding of long soy vs short grain and long oil vs short meal have been featured this morning. The long soy vs short grain was a popular spread heading into the September USDA Crop report due to late growing season dryness. The volume of…
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