Category Archives: Midday Commentary

AgResource Midday Commentary; Turnaround Tuesday in the Making as End User Pricing Surfaces on AM Break; GASC Secures 325,000 MTs of Russian Wheat; GFS Slightly Wetter Across W Midwest

CBOT futures are mixed at midday in declining volume. Long liquidation by fund managers in soybeans/soymeal/soyoil and corn pressed values early, but end user pricing and profit taking by the bears trimmed losses at midday. CBOT grains are now trading in the green with a turnaround Tuesday in the making. ARC doubts that with the…

AgResource Midday Commentary; CBOT Sharply Lower on Fund Liquidation; Wheat Rallies Sharply Awaiting GASC Tender Results; China Active Buying US soybeans

CBOT futures are sharply mixed at midday. Soy futures sharply lower while wheat values are sharply higher, and corn is caught in between. The fundamental tugs of an expanding/intensifying Russian war against Ukraine and a needed Midwest rain is directing grain valuations today. Trade volume is restricted by recent week market volatility with few wanting…

AgResource Midday Commentary; CBOT Corn Futures Declined for 8 Consecutive Days; GFS at Midday Wetter on the Weekend – Drier in the 6-10 Day Period; US Crop Condition Ratings to Ease 1% on Monday

CBOT futures are higher at midday, but the overnight gains have been cut in half with soyoil/soybeans being the day’s bullish stalwarts. Wheat has retreated as Russian exporters tell their import customers that they will be able to manage future marine drone attacks from Ukraine. The Russian’s claim that no damage was done to Novo…

AgResource Midday Commentary: CBOT Mixed at Midday; Wheat & Corn Test Recent Lows; GFS Drier; Crude Up $1.90/Barrel

AgResource Farm Marketing Advice for Thursday: 1/ No new advice.                                             CBOT futures are mixed, with grains weaker and soybeans and meal higher, in very thin volume. The choppy nature of the marketplace and the inability to established new lasting trends has eroded participation. Key supply updates also lie just ahead, beginning with USDA’s August WASDE…

AgResource Midday Commentary: CBOT Mostly Lower on Negative Macro Input, Higher Dollar; Egypt Buys Russian & Romanian Wheat

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice.                                             Midday CBOT futures reversed overnight gains rather quickly this AM amid weighty macro markets, wet Plains/W Midwest forecasts and as FAS’s daily reporting system was void of new soybean demand from China or others. Rating firm Fitch downgraded US debt from AAA to AA+, a…