AgResource Midday Commentary: Wheat Drags Row Crops Lower; Talk of Argentine Corn Crop Below 35 MMTs; GFS Colder in US Plains

AgResource Farm Marketing Advice for Tuesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. CBOT ag markets have leaked lower this morning amid a new round of speculative selling in global wheat markets and on otherwise lack of fresh news. Equity and energy markets remain firm,…

AgResource Midday Commentary; Risk off Trading Dominates at the CBOT; Crude Oil Nears Long Held Low at $65; Brazilian Bio Diesel Blend Rates Confirmed

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02.  2/ Diesel Fuel: Producers should use today’s break to lock down diesel prices into late summer.                                 CBOT…

AgResource Midday Commentary; Soyoil Soars on NOPA Reported Domestic Demand; Turkish President Elections Keep the Corridor at 60 Days; More US Corn to China

CBOT ag markets are mixed at midday with corn/soyoil trading higher while soybeans, wheat and soymeal hold in the red. Energy and equity markets have reversed early losses and are recovering as the EU banking worry has not spread beyond Credit Swiss. US bank deposits are backstopped by the US Central Bank, so the dark…