AgResource Midday Commentary; Soybeans and Corn Add Weather Premium Due to Hot/Dry Weather into September 8th; Stats Canada Out Tuesday AM; GFS Hot/Dry for the Central US

Low volume and mixed are CBOT futures at midday with traders awaiting the weekly NASS Crop Report to adjust their US corn and soybean yield estimates after today’s close. The NASS Crop progress report takes on additional importance following the baseline yield estimates from Pro Farmer on Friday. Traders assume that corn has less yield…

AgResource Midday Commentary: CBOT Wheat Drops on Higher Dollar; Row Crops Steady/Higher; Central US Heat Probable thru Early September

AgResource Farm Marketing Advice for Friday: 1/ No new advice.                                           CBOT wheat futures are down 8-10 cents but otherwise US and global ag markets are steady to higher. Pro Farmer’s tour summary is awaited, but the bigger question is just how negative an impact will recent/coming Central US heat and dryness have on final pod…

AgResource Midday Commentary: CBOT Mixed at Midday; Corn Reacts to Pro Farmer IL Data; Soy Adds Premiums on Massive Crush Margins; Brazilian Crush to Slow Nearby

AgResource Farm Marketing Advice for Thursday: 1/ No new advice.                                           CBOT ag markets are mixed but little changed in thin volume at midday. The lack of breaking news and a decently sized IL corn yield estimate from Pro Farmer overnight have weighed on corn and wheat prices globally. Nov CBOT soy has been resilient above…

AgResource Midday Commentary; Blast Furnace Heat Expands Across the Midwest; Pro Farmer Tweets Point Lower on IL/IN Yields; 100,000 MTs of Soymeal to Unknown – More to Follow

CBOT ag markets are higher at midday. Recent CBOT price direction has been determined by the Pro Farmer Crop Tour with yields being above last year on both far sides of the Midwest (OH/IN and SD/NE). The better yield news produced pressure to CBOT values on Monday and Tuesday. Today that trend appears to be…

AgResource Midday Commentary: CBOT Weakens on US Dollar Strength, Negative Macro Input; Egypt Buys Romanian Wheat

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice.                                           CBOT ag markets are weaker at midday. It’s not Pro Farmer’s findings, but rather macro market weight, with the US dollar index finding a newer 11-week high, which pulls money from global raw material markets. The USD is perched against initial chart-based resistance and key…