AgResource Mid-Day Commentary; Mixed Session With Meal Rising on New Fund Buying/Dry S Argentine Weather; March Corn Sags to $6.70 Support

CBOT corn, soybean and wheat futures were unable to hold the early rally and values are lower at midday. Soymeal is holding its overnight gains on meal/oil spreading, regardless that US soymeal export sales are not showing much improvement from Argentine soy crop losses. South American fob soymeal for March/April is offered $20-35/MT below the…

AgResource Mid-Day Commentary: USDA Raises US Stocks, Lowers Argentine Production; Feb WASDE Lacks Market-Changing Data

AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. The USDA’s February WASDE leans mixed, but like most years the report lacked statistical fireworks and South American weather stays priority number one…

AgResource Midday Commentary; CBOT Futures Chop on Pre Report Positioning; Index Fund Roll Starts on the Close; Stats Canada Stocks Uninspiring

CBOT grain futures are sharply mixed at midday with an early rally in soybeans failing while wheat futures try to regain lost early ground. Corn is holding in the red with rallies being sold. The 50 day moving averages crosses at $6.65 in March corn and $14.94 in March soybeans. A non-bullish USDA report could…

AgResource Midday Commentary; CBOT Sags on Better Rains for Argentina; US Dollar Catches a Bid; Key 50 Day Moving Average Just below in Corn/Soybeans

AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. CBOT grain futures are lower at midday on a gain in the US dollar, rising US/China political tensions, and potential for rain across…

AgResource Midday Commentary; CBOT Futures Sink as New Money is Invested Early; Blinken Won’t Head to China; Spot CBOT Soymeal Nears $500.00

AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. CBOT grain futures are lower at midday. At the 8:30 AM CT reopening, a new round of fund money pushed into the commodity…