ARC Midday Commentary; US Wheat Futures Limit Bid; Corn Follows on Black Sea Supply Worry due to War; GFS Midday Forecast is Wetter for IL/IN – Heat Lingers Across the W Midwest/Plains

CBOT grain futures are sharply higher at midday with Chicago wheat limit up as funds try to exit their net short position as Russia takes aim on Ukraine ag transit channels – and especially key infrastructure that allows the export of Ukraine ag products. Russia has bombarded Ukraine ports and now Reins (Danube River) which…

AgResource Midday Commentary; Soyoil Soars on Cash Premium Gains; GFS Midday Cooler/Drier in the 10-15 Day Forecast with Heat Next Week

CBOT futures are mixed at midday with the soy complex higher, while corn/  wheat futures sag on the Black Sea grain saga and profit taking into an uncertain weather and geopolitical weekend. The volume of CBOT morning trade has been well below normal with traders adjusting risk through options. Few are willing to add to…

AgResource Midday Commentary; CBOT Nervously Mixed with India Banning Rice Exports; World Food Security Isssues Rising Dramatically; GFS Midday Stays Hot/Dry for the Central US

The big news of the day is not that Russia bombarded Ukraine port facilities for the 3rd consecutive evening, or that Ukraine threatened retaliation against Russian grain vessels in the Black Sea, but that India has decided to ban non-basmati rice exports. This is a “punch in the gut” to SE Asia/North African nations that…

AgResource Midday Commentary: CBOT Wheat Near Limit Up as Russia Threatens Black Sea Vessel Movement; GFS Unchanged in Projecting Extreme Central US Heat

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice.                                             CBOT futures remain firm at midday but have fallen from session highs. At center stage is the market’s focus on escalating war in Ukraine, with newswires this AM reporting that the Russian military moving forward will consider any vessel traveling to Ukrainian ports a threat…

AgResource Midday Commentary: CBOT Extends Overnight Rally as GFS Stays Dry, Very Hot into Early August; Spot Crude Up $1.50/Barrel

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice.                                             US spring wheat futures are lower following Monday’s somewhat unexpected boost in crop ratings, but otherwise US and global ag markets are adding risk/weather premium. Wheat futures in the US and Europe have largely shrugged off talk that Russia would waive its current tax on…