AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT futures are higher by varying degrees at midday, with soybeans and KC wheat pacing the midweek recovery. The continued trimming of exporter wheat production and last week’s collapse in soy crop ratings are cited. Corn has followed, but early anecdotal corn/sileage yield reports remain…
CBOT grain futures have rebounded with the grains higher with the soy market stays in the red. The volume of CBOT trade has been modest with end user support noted in wheat/corn on the early break. With no quick solution to the Black Sea Grain corridor stalemate, CBOT grain futures are back to focusing on…
CBOT grain futures are higher in US pre-holiday trade with soyoil futures being the bullish stalwart. Corn/soybean futures are following with soyoil rising on strong domestic demand. US renewable diesel demand continues to build with this sector completely replacing lost US export demand. Gulf US soyoil stays well above South American and tropical oil offers…
CBOT futures are mixed at midday with corn/wheat reversing early losses while soybean futures hang in the red on grain/soy spread liquidation. Chi wheat futures have formed a key reversal up after forging new contract lows shortly after the opening on the September liquidation. Massive deliveries against Chicago September futures sparked new contract lows with…
Low volume and mixed is the CBOT at midday. Corn and soy futures are sagging while Chi wheat holds marginally in the green. The volume of trade is in decline heading into 1st notice day tomorrow against September futures and the long US holiday weekend. Few traders will chase rallies ahead of the pending harvest…
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