ARC Midday Commentary; CBOT Futures Mixed at Midday; Soyoil Firm on Cash; Russian Ag Minister Calls for Smaller Wheat Crop; Brazilian Political Woes

Firming cash underpins soyoil futures as US renewable diesel demand grows; Oil share spread hints at seasonal bottom; May-July corn futures push out to new rally high of $.375 as cash basis strong; CBOT in a price pattern of 2 steps forward and one step back into May: CBOT grains are mixed at midday with…

AgResource Midday Commentary; Soyoil Soars on Fund Buying and Record Large domestic demand; HRW Wheat Futures Trade Plains Weather; Brazil to Produce Green Diesel

Poland and Ukraine reach deal on Transiting Grain Trough Poland as cargoes to be sealed; Russia’s Prime Minister Lavrov to meet with UN Chief Next Week on Grain Corridor Extension; Brazil’s Lula signs $12 Bil Green Diesel Deal with Saudis; CBOT futures are mixed at midday with soyoil futures sharply higher on renewable diesel demand,…

AgResource Midday Commentary; Ukraine Export Corrdior Talks to Continue on Tuesday; Central US weather is cold with limited Rain for the Plains; NOPA Reports Record March Crush Rate of 185 Mil Bu.

Black Sea Grain Export Corridor Closing; Central US Weather Cold, China Imports a Record Number of Brazilian Soybeans in March/April; CBOT futures have been pushing upwards with the complex providing the bullish leadership. Corn/Chi wheat have been following soy gains with KC wheat trading slightly in the red on Friday’s rainfall that aided the eastern…

ARC Midday Commentary; China Buys More US Corn – Does China Know that the Ukraine Grain Corridor Will be Closed? Frost/Snow Follow Summer Heat in NW Midwest; Central Plains Drought Worsens

Another Reversal of Prior Day Intermarket Spreads: CBOT futures are mixed at midday with the grains higher while soybean/soy product price sag. It has been back and forth morning with corn showing independent strength due to strong cash markets. And China booked additional 382,000 MTs of US corn for old and new crop which ARC…

AgResource Midday Commentary; China Buys US Old/New Crop Corn; Midday GFS has Limited Rain for NE/KS next 10 Days; Brazilian Soybean Basis Bottoming?

CBOT futures are mixed at midday with soymeal higher while wheat futures sag on the EU model’s forecast of rain for Kansas/Nebraska next week. Corn and soybean futures are caught in between and trading both sides. Funds were aggressive sellers of wheat from the onset which has tugged corn/soybeans off their early highs. Everyone wants…