AgResource Midday Commentary; China Secures 5 Cargoes of French Wheat; September Futures Lead the Rally on Cash Strength; GFS Wetter at Noon

AgResource Farm Marketing Advice for Monday: 1/ No new Advice. CBOT Grains are higher on talk that China booked 5 cargoes of French wheat while soybeans rally on US soymeal demand amid thinning Argentine fob offers. The hefty premiums paid for US old crop soybeans/corn is underpinning valuations. If corn end users (livestock/ethanol) can make…

AgResource Mid-Day Commentary; Wheat Tries to Regain Thursday’s Losses; Spot cash Corn/Soybean Bids Hold at Record Highs; GFS Wetter for the Lake States

CBOT Grains Higher at midday with wheat being the upside leader in lackluster volume. Corn follows wheat while soybeans trims losses on strong old crop cash market. End users and exporters fight for remaining old crop supply amid a Delta harvest that will be delayed by the coming wet weather conditions. The hope for any…

AgResource Mid-Day Commentary: Global Wheat Markets Shed Premium; Row Crops Supported by Uptick in Export Demand

AgResource Farm Marketing Advice for Thursday: 1/ No New Advice. Wheat market finds new lows for move on Black Sea headline-based liquidation. Uptick in new crop export demand support corn, soy. Reality of Black Sea’s contribution to global grain flows still very uncertain. Global wheat futures are down sharply – though have bounced from session…

AgResource Mid-Day Commentary: Wheat Again Tests Recent Lows Amid Black Sea Headlines; GFS Warmer in Plains in 6-10 Day Period

AgResource Farm Marketing Advice for Wednesday: 1/ No New Advice. Corn, soy markets stay firm. Wheat tests recent lows on strength in the US dollar, arrival of ships at Ukrainian ports and US pledge to buy Ukrainian supply. GFS arid in C Plains/W Midwest, wet in South. CBOT ag markets are mixed at midday, with…

AgResource Mid-Day Commentary: Crude Extends Correction; GFS Stays Mild; Mexico Buys US Soybeans

AgResource Farm Marketing Advice for Tuesday: 1/ No New Advice. Weak, low volume trade at midday. Central US heat remains absent from two-week forecast. Crude reverses overnight strength. CBOT grain futures are again lower at midday amid a lack of enthusiasm and as energy markets worldwide failed to sustain overnight strength. Spot WTI crude at…