AgResource Mid-Day Commentary; CBOT Bounces from Aggressive Early Selling on Crop Condition Fall Expectations; China Demand Lacking

CBOT Prices Initially Break Hard; Find End user Support and Bounce into Midday. China Commodity Import demand questioned as Economy Slows; Needed rain starts to fall across Eastern Nebraska and Western Iowa. CBOT grain futures are lower at midday but bouncing from initial sharp opening losses on end user pricing and bottom picking. Soybeans lost…

AgResource Mid-Day Commentary; USDA Report Lacks Surprises; Old Crop Cash Soybean Strength Adds Support; Private Yield data and Weather Awaited

The USDA/NASS August Crop Report failed to hold any big surprises! CBOT values are lower on profit taking with an increase in US wheat/soybean yield applying the pressure. Corn will be the bullish stalwart with soybeans weakening with the harvest ahead. The NASS report is based on farmer surveys with the September estimate being a…

AgResource Mid-Day Commentary; CBOT Adds Premium on the Hope for a Drop in US Yield; US Grain Export Sales Stay Slow.

AgResource Farm Marketing Fills Wednesday: 1/ Soybean Producers: Sold 20% of the 2022 soybean crop at $14.45 basis November soybean futures. This is the 1st sale of the 2022 US soybean crop. ** This order is Filled!      CBOT futures Add Risk Premium on New Fund Inflows. US Producer Price data helps confirm that Inflationary…

AgResource Midday Commentary; CBOT August Soybeans Rise back Above $17.30; GFS Adds Rain on Midday Run for W IA, NE/KS, US Inflation Reached its Peak?

AgResource Farm Marketing Advice for Wednesday: 1/ Soybean Producers: Sell 20% of your 2022 soybean crop at $14.45 basis November soybean futures. This is the 1st sale of the 2022 US soybean crop. ARC is not bearish soybeans, but its managing risk ahead of the USDA report and all the preexisting geopolitical risks that exist.…

AgResource Mid-Day Commentary; Soybeans Sharply Rally on Soymeal and Tight Cash Supplies; Ukraine Corridor Grain Movement Caps Corn/Wheat Rally

CBOT Rally Stalls Ahead of Key US Inflation/Crop Reports. Traders loath to chase rallies as fund managers are not willing to commit to new raw material length until they know more about future US Central Bank policy. Range trade to continue at the CBOT until there is economic and US crop size clarity. Grain futures…