AgResource Midday Commentary; Low Volume Choppiness at CBOT with Friday’s USDA Report Eyed; Canadian Wildfires Ignite; US Cash Corn/Soybean Basis Bids Strong

USDA Report on Friday curtails CBOT Volume with Traders taking wait/see mentality. Active KC/Chi wheat spreading on fear of small Kansas Crop following last week’s Oklahoma Crop estimate that was down 50%; Cash Markets well bid on limited farm selling; Traders selling corn/soy futures looking for solid US crop seeding progress with corn 48-52% and…

AgResource Midday Commentary; US Employment Accelerates Calming Demand Fears; Black Sea Grain Corridor Deal Elusive; Falling Argentine Crop Sizes Cause World Soy Product Shortages

US Job Growth Accelerates in April as the Unemployment Rate Falls to 3.4%; Chance of US Recession Dims with a chance of Soft Landing; Commodity Markets rally sharply on “Recession Off” Thinking; US HRW wheat futures rise on low US HRW wheat crop estimates and fear of the Ukraine Corridor Closing as today’s Moscow meeting…

AgResource Midday Commentary; CBOT Mixed as Risk Reduction is the Theme; Russian Wheat Board Developing?; Central US Weather Forecast Pulls Rain Eastward

US Regional Bank Contagion Limits Market Participation/Desire to Chase CBOT Rallies; Central US weather Good for Planting/Crop Establishment; Russian Corridor Talks Set for Friday; CBOT Gives Back some of Wednesday’s gain. Midday CBOT futures are mixed as traders reduce their exposure ahead of next Friday’s USDA Crop and WASDE report. Also, the tightening credit of…

AgResource Midday Commentary: Wheat Soars Following Explosion at Kremlin; Row Crops Follow; GFS Stays Erratic in US

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT grain futures are higher at midday – wheat sharply so – with soybean well above session lows as the trade shuffles between risk off and risk on. Macro input leans negative amid crude’s $2.90/barrel plunge and as equity markets stagnate amid growing concern over…

AgResource Midday Commentary: CBOT Mixed/Mostly Lower; Macros Weigh; Midday GFS Adds Rain to US Plains, Central Brazil

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBOT ag markets are again mixed with corn firm, wheat struggling amid cheap supplies offered to Egypt and the GFS’s ongoing attempts to add rain to KS. The soy complex stays choppy, with soyoil has sustaining modest overnight gains despite weakness in crude. Overall macro…