AgResource Midday Commentary; Sharp Rally on Momentum and Short Covering; Resting Orders Above the Market Lacking; Key USDA Report Due Monday

Short covering a new fund buying has lifted CBOT futures into the noon hour to sharp daily gains. Wheat/corn have been the upside leaders as doubt builds about the flow of Ukraine Grain Out of the 3-port export corridor with a key USDA Crop Report looming on Monday. And the US harvest maybe ahead, but…

ARC Midday Commentary; White House Expects Ukraine Export Corridor to Stay Open; EIA Ethanol Grind Starts New Crop Year Robustly; GFS Adds Rain for IA/E NE

Grain futures are lower at noon with selling noted across the CBOT. News from the White House that it did not see the Ukraine Grain Export Corridor deal unraveling helped sink values. This White House Statement was contrary to recent comments from Russian President Putin and Turkish President Erdogan – which suggested that Ukraine grain…

AgResource Mid-Day Commentary: Row Crops Sag Amid Chinese Demand Issues; Wheat Adds Geopolitical Risk Premium

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT ag futures are mixed at midday, with corn and soy unable to shake negative economic concerns and plunging energy markets. Wheat’s been the clear leader as an extension of the Black Sea export corridor is in jeopardy, with recent Ukrainian military advances giving the…

AgResource Mid-Day Commentary: Corn Rallies on Smaller Crop Potential; Soybeans Decline on Chinese Demand Concern; Wheat Follows

Chicago grain futures are mixed at midday with corn/wheat higher while soybeans sag on chart-based selling amid a steep fall in soyoil. November soybean futures fell back under $14.00 while December corn rallied to $6.71. The volume of trade has been modest with few traders wanting to add to their risk profile ahead of next Monday’s…

AgResource Midday Commentary; CBOT Higher on Correcting US Dollar/Strong Crude Oil; Volume Restricted by the Holiday; GFS has Wetter E Midwest Weather

AgResource Farm Marketing Advice for Friday: 1/ No new advice. AgResource will release our Weekend Wire at the Close. Please be safe and enjoy the US Labor Day weekend. Chicago grain futures are higher at midday in thinning pre-holiday volume. Corn, soyoil and wheat are the upside leaders as macroeconomic concern is diminished following the…