AgResource Midday Commentary; Corn Bounces on the Lack of Farmer Sales; Russian Spring wheat quality in Rapid Decline; GFS 12z Forecast Wetter for the Midwest

Back-and-forth have been CBOT grain futures today. Fund managers were there to sell an early rally, but the US cash corn/soybean markets are starting to stabilize with basis bids firming amid the lack of cash grain movement. US farmers are harvesting corn, but the movement into the cash market is modest and related to prior…

AgResource Midday Commentary: CBOT Extends Overnight Losses; Speedy Harvest Due in E Midwest

AgResource Farm Marketing Advice for Monday: 1/ No new advice.                                           Global ag markets are weaker at midday. US and world grain futures are digesting the increasing movement of Ukrainian origin into Black Sea. There’s also fear that France may miss out on Tuesday’s Algerian wheat tender amid talk that Russian fob wheat is buyable sub-$250.…

AgResource Midday Commentary; NOPA Report Surprises on Member Soyoil Stocks – Lowest Since October 2017; GFS Weather Forecast Dry Next Week Across the Central US; Wheat Rises on Massive Chicago Short

CBOT futures are mixed at midday with wheat higher while corn/soybeans sag in thin volume trade. The weekend looks open and the harvest is rolling across the Central US, but farmers are not letting go of much new crop corn/soybean supply – outside of filling contracts on prior sales. Yields are variable with disappointment noted…

AgResource Midday Commentary; Tepid Volume as Traders Measure US Yield Results; Weekly US Export Sales as Expected; Better Rains Heading for the Central US in Late October

CBOT futures are mixed at midday with soybeans/soyoil higher while wheat futures are slightly lower. Corn is trading either side of unchanged not knowing whether they should follow the rally in soybeans or the fall in wheat. CBOT volume remains constrained with large orders able to push the market in one direction or the other.…

AgResource Midday Commentary; CBOT Soyoil/Wheat Values Post Strong Gains at Midday; Funds Show New Interest in CBOT grain; GFS Forecast Wetter Beyond September 19th

CBOT futures are mixed at midday with soyoil/wheat the upside price leaders with soybean/soymeal futures sagging on oil share spreading. The volume of trade is in recovery with brokers indicating that new investment funds are back looking at the grain markets as the gyrations of the summer weather market have passed. The multi-year low price…