AgResource Midday Commentary; Wheat Falls on Old Crop Stocks and Lower Paris Futures; Corn Adds Weather Premium as Soybeans Chop; Midday GFS Wetter for the W Midwest Late Next Week

Adding weather premium to CBOT summer row crop values is the theme of the morning ahead of a long US holiday weekend. Corn/soybean futures are higher while wheat futures sag in response to weaker EU/Russian price offers. The world wheat market is trying to offload large old crop stocks (Russia/EU) while also transitioning to the…

AgResource Midday Commentary; CBOT Mixed with July Soy Futures Swinging back and forth; Corn/Wheat Gains on Weather and Black Sea; Brazilian Avian Flu Emergency

CBOT futures are mixed at midday with the soy complex weaker, while corn and wheat futures gain. July soybeans are giving back half of Monday’s gain while the grains are holding in the plus category. Weather continues to command attention, but traders understand that US crop yields are made from the middle of June to…

AgResource Midday Commentary; Sharp Rally on Worrisome Central US Weather; Prevent Plant Date for Corn on May 25th; Plains Corn Basis Stays Strong

“Risk On” is the theme on Central US Weather Forecast Concern: Prevent Plant Estimates Rise for the Dakotas/N Minnesota; Central US Cash basis Strength, World Crush Margin Expansion on new US soymeal demand; Unlike CBOT sessions late last week, it appears that today’s strength should hold. CBOT futures rose to sharp midday gains amid speculative…

AgResource Midday Commentary: CBOT Corn Stays Firm; Long Liquidation Persist in Hi-Pro Wheat Market; Dow Falls As US Debt Ceiling Negotiations Pause

AgResource Farm Marketing Advice for Friday: 1/ No new advice. CBOT ag markets are mixed, with corn so far holding overnight gains, while long liquidation continues in KC and Minneapolis wheat and soy’s caught in between. The KS wheat tour’s results have passed, triggering a modest ‘sell the fact’ rally in high-protein markets. Spotty showers…