CBOT grain futures are mixed at midday with May corn/soybean futures reflecting independent strength on firming cash market bids. US cash markets stay strong and could strengthen farther as US farmers head to the field for spring planting. End users were able to secure a few days of needs on Monday when Central Illinois cash…
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 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.…
The March 1st Stocks and Seeding Intentions Report was bullish for old crop corn, soybeans, and wheat. However, 2023 Seeding Intentions of US corn, soybeans and spring wheat came in close to expectations. Bull (old/new) spreads are expected to gain while the push will be on to own old crop soy/ corn is on as…
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…
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