AgResource Midday Commentary; GFS Like the Overnight Run with Below Normal Midwest Rainfall and Mild Temperatures; China Continues to take US Corn off PNW; Crop Ratings to Fall in Corn/Soy
CBOT values are mixed at midday with KC wheat, July soybeans and soyoil futures sagging while December corn tested last week’s rally high at $5.48. ARC notes that the old breakdown point of $5.50 (March lows) in December is being tested. December corn will struggle to rise above this level until there is additional confirmation…