CBOT futures are sharply mixed with corn, soybean, soymeal, and wheat futures sharply higher with soyoil futures down their respective 4 cent limit. Massive oil share spread unwinding is occurring which sent soyoil futures to limit losses and soymeal to limit gains. The EPA finalized the blending mandates for 2023 at 20.94 Bil gallons, 21.54…
CBOT futures are mixed at midday with the bears out in abundance with this being the anniversary of the start of the 2022 summer grain break. A year ago today, CBOT futures fell to sharp losses as the Central US weather pattern improved and world Central Banks became aggressive in raising interest rates to slow…
AgResource Farm Marketing Advice for Friday: 1/ No new advice.                                            The addition of risk premium continues, and while new crop corn & soy contract are off morning highs – soy futures are heavily overbought and corn is nearing overbought technical levels – there’s still no indication of a needed Central US pattern change into July…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice.                                            CBOT ag markets are sharply higher as the trade more intently adds weather premium to values amid recent and upcoming Midwest drought expansion as key areas of Northern Europe and Ukraine are likely to see net soil moisture loss into the first half of summer.…
Profit taking ahead of a US 3-day weekend has pulled corn, soybean, and wheat futures lower following yesterday’s rally. However, active bull spreading in July/December corn and July/December soyoil futures have offered support. There was sizeable buying of the July/December corn spread of over 4,500 contracts that pulled corn futures back into the green at…
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