CBOT values are mixed at midday with the grains weaker and soybeans firmer. There was solid volume on the 8:30 CT reopening, but activity following the first 30 minutes dried up. Grains have a mixed tone while soybeans feel supported at midday with the charts providing clues for the close. Traders are watching to see if…
Mixed are CBOT values at midday with corn/wheat higher while soybeans sag on the rise in Brazilian cash soybean sales due to the faltering real. The Brazilian real has been recently edging lower vs the US dollar with the rate being 5.035:1 USD which has helped boost Brazilian cash soybean harvest sales. The real had…
CBOT values are mixed at midday with wheat futures rising while the soy complex sags. Soyoil has been the downside price leader as Friday’s rally stopped just short of $.50/pound basis May and selling returned. CBOT traders are awaiting the EPA update on their GREET model and how it will impact corn and soyoil demand…
CBOT values are mixed at midday with corn prices higher while wheat/soybean values sag. Managed money selling of wheat futures is noted while yesterday’s buyers of soybeans are today’s sellers. Brazilian soybean premiums have sagged throughout the week as farmers shed the new crop supply on the CBOT rally. However, fob Brazilian soybean export offers…
It has been a vicious trading session into the midday hour with early chart based buying in soybeans/soymeal sparking a sharp post 8:30 AM CT rally. Soybean futures rallied to more than 20 cent gains with soymeal up $8.00/MT before hedge related selling emerged. Wheat and corn prices sagged on the cancelations of Australian wheat…
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