AgResource Midday Commentary: Funds Cut Losses on Last Week’s CBOT Purchases: US Weekly Exports Start to Seasonally Improve; China Active Cash Buyer on the Break

Volatility – it is occurring in abundance with CBOT futures sharply lower this morning. Remembering back to just a week ago, Chicago and KC wheat futures were limit bid with corn/soybeans in tow on threatening Midwest weather and Black Sea grain export concern. Today, the bearish feature is an improved Central US weather forecast with…

AgResource Midday Commentary; CBOT Leaks Lower on the Hope for Improved Midwest Rain Amid Liquidation; 1st Notice Looms on Monday for Soy; GFS Midday Offers Scattered Showers

It has been another volatile CBOT session with values swinging sharply lower following the 8:30 AM CT reopening which triggered sell stops below last Friday’s low. The stop loss selling was buffered by end user/commercial demand which rallied prices back to unchanged in the grains. News that Ukraine had attacked Russia near a grain export…

AgResource Midday Commentary; CBOT Sags on a lack of Buying with Hope for Better Midwest Rain Next Week; Ukraine Grain Though the EU Will be Challenging

Mixed in slow volume has been CBOT grain trade with corn/soy values under pressure on the belief that next week’s Midwest weather will improve as the recent extreme heat abates while traders debate Black Sea supply risks. Extreme volatility in August soybeans and soy products ahead of 1st notice day on Monday has been a key…

AgResource Midday Commentary; CBOT Falls as the EU Attempts to Route Ukraine Grain Thru Their Ports; GFS Drier at Midday with Cooler Temps Beyond August 3rd

CBOT grain futures are sharply lower at midday with soybeans gaining on both grains. Wheat futures are have declined sharply as Russia did not attack Ukraine Grain infrastructure for the 2nd day in a row and traders ponder whether ALL Ukraine grain can be effectively transported through the EU? The EU has offered Ukraine $1.5…

ARC Midday Commentary; GFS Drier at Midday for the Upper Midwest and N Plains; Soy/Dollar Program for Argentina Starting September 1st; IMF Forecast Grain Prices to rise 10-15%

CBOT grain futures are lower at midday in declining volume. Traders are frustrated by the extreme volatility and the uncertainty of headlines that flow from the Black Sea in terms of the Russian war against Ukraine (that include Ukraine grain infrastructure). Did Russia attacked grain infrastructure or not will help to determine overnight CBOT trade.…