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 again mixed, with US/world grain markets firm and the soy complex in correction mode. Price action this AM is partially a reflection of the CFTC’s commitment of traders…
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 are mixed at midday with “risk off” the prevailing feature. Funds are cashing their chips on short wheat which has pushed KC wheat futures above yesterday’s high while soybeans/soymeal…
CBOT ag markets are mixed at midday in a risk off day as wheat futures are higher, while soybeans/corn are lower. The “risk off” mentality has fund managers exiting positions amid the volatility/uncertainty in the US financial markets. Regional bank questions abound which has caused dramatic rallies and declines in the US stock market. There…
CBOT ag markets are mixed with corn/wheat values firmer while the soy market sags. Macroeconomics has been the driver amid the US March Jobs Report that showed February nonfarm payrolls expanded by 311,000, while a California bank that is favored by tech starts – Silicon Valley Bank (SVB) – was closed by regulators. The bank…
CBOT ag markets are sharply lower with the grains pacing the decline. The soybean market is lower but trying to hold on the Rosario Exchange shockingly lower Argentine soy crop estimate of 27.0 MMTs. The Buenos Aries Grain Exchange (BAGE) is expected to lower their corn/soybean crop estimates later today. A 27 MMTs Argentine soybean…
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