AgResource Mid-Day Commentary: Macro Markets Weather Negative GDP Data; US Forecast Stays Worrisome into Mid-August

AgResource Farm Marketing Advice for Thursday: 1/ No New Advice. CBOT Adds Weather Premium; Energy/Equity Markets Shrug Off US Economic Contraction; GFS Extends Heat/Dryness into August 12.    Global ag markets are higher at midday as there’s no sign that needed rain and cooler temps lie in the offing prior to mid-August and as energy…

AgResource Midday Commentary;GFS Model Shows ongoing Hot/Dry Central US Weather; Turkey Awaits 1st Grain ship to Leave Ukraine; Soybeans Lead on Tight US Stocks

AgResource Farm Marketing Advice for Wednesday: 1/ Soybean Producers: Finished pricing the last of the 2021 soybean crop at $15.80 basis August futures. The $1.40 over basis contract (Central IL) that was set on July 13th amounted to a final cash soybean price of $17.20.    CBOT Battles the Hope for a Ukraine Grain Export…

ARC Midday Commentary; Central US Weather Warmer/Drier into August 8th; China Buys Brazilian Aug/Sept Soybeans; CBOT Close is Key Today

CBOT Higher on Threatening Central US/European Weather; Market Stalls as it Worries About Wednesday’s Central US Bank Rate Hike. Midday GFS Hotter/Drier CBOT values are sharply higher at midday following a push above $6.00 in December corn futures and $8.00 in September wheat. Soybean futures followed with August soymeal gaining another $12/ton on the cash…

AgResource Mid-Day Commentary: CBOT Mixed; Wheat Falls Sharply as Black Sea Corridor Agreement Signed

AgResource Farm Marketing Advice for Friday: 1/ No new advice. CBOT Mixed; Market Digests Details of Signed Black Sea Corridor Deal – Will Russia Honor Commitments?; August Weather Forecast Eyed Over Weekend. CBOT markets are mixed at midday, US and EU wheat futures falling to sharp losses, soybeans trading higher and corn caught between. The…