AgResource Midday Commentary; Corn/Wheat Fail on Early Day Rally; Funds Add to Length in Soymeal; GACS Gets Cheap Russian Wheat Offers

AgResource Farm Marketing Advice for Thursday: 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 mixed at midday with the fund order flow being the dominate feature (once again). The CBOT has all been…

AgResource Midday Commentary: Brazilian Soy Production Talk is Big as Farmers Sell Newly Cut Supply; World Grain Trade Shifting South; Egypt Cancels Corn Tender

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%. CBOT futures are lower at midday with selling noted from sagging South American soybean/corn premiums, and the ongoing shift in world trade from…

AgResource Midday Commentary; New Fund Flows into CBOT Reverses Overnight Losses; Cash Basis Sags in US; Argentine Forecast Little Changed

AgResource Farm Marketing Advice for Tuesday: 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 futures are mixed at midday with soybeans/corn/wheat enjoying another day of fund inflows. Managed funds appear to be putting…

AgResource Midday Commentary; Funds Aggressively Buy Soybeans/Soymeal on Charts/China Reopening; Wheat Follows on Fund Short Covering

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 futures are mixed at midday with soybeans/soymeal surging on new fund buying while wheat prices rise on short covering while corn sags.…

AgResource Mid-Day Commentary; CBOT Soymeal Futures Forming head and Shoulders High? South American Weather Little Changed; China Demand Questioned

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 futures are mixed at midday with US soybeans/wheat/soymeal trading higher while soybean futures edge lower on the prospect of improved Brazilian hedge…