AgResource Midday Commentary; CBOT Grain Markets Correct; Except for Wheat Due to Coming Plains Dryness. Two Steps Forward – One Step Back Price Action

CBOT ag markets are mixed at midday with wheat trying to hold onto overnight gains while corn/soybean futures sag in a correction of the recent rally. The volume of CBOT trade is well below recent days as a 3-day weekend looms and traders are adjusting their risk downwards. July corn has fallen into support below…

AgResource Midday Commentary; US Farmer Sells Cash Corn Pulls Spreads and May Corn off their Highs; LDC Exits Russian Grain Trade; USDA Reports Largest Soyoil Sale of the Year

AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. CBOT ag markets are mixed at midday with a modest correction from an early morning rally occurring in nearby May corn futures and the May/July corn spread on more active producer marketing.…

AgResource Midday Commentary: Markets Relax, Prep For NASS Data; EU Balance Sheer Released in Error this AM; US Dollar Testing Mid-March Low

AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. CBOT ag markets are steady to lower midday as the complexity of markets – changing Russian policies, less than ideal weather in the US and abnormally strong interior basis levels – take…

AgResource Midday Commentary: Markets Stay Firm but Drop From Session Highs; Ethanol Data Uneventful; US Gasoline Demand Rising

AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. CBOT ag markets are firm but off session highs at midday. May CBOT wheat tested multi-week highs early but failed to find follow though above $7.30, while May CBOT was unable to…