AgResource Midday Commentary; Soybeans Soar on Drier Argentine Weather Forecast; Traders Debate Index Fund Roll Next Week: US Jobs Report Strong
CBOT ag futures are mixed at midday with the soybean market adding weather premium due to the overnight dry change in the Argentine weather forecast, while the grains struggle amid competitive world export markets. US corn and wheat sales continue to disappoint against cheaper offers from South America, Russia, and the Ukraine. ARC notes that…