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…

ARC Mid-Day Commentary; Paris Wheat Pushes to Strong Gain; UN Head to Turkey; GFS Drier at Midday

Soybeans and Corn fall in Test of Chart Support; WTI Crude Oil Falls on Retracement; Better Midwest Rainfall Next Week; Dryness/Heat Follows CBOT markets are mixed at midday with the summer row crops of corn/soybeans lower while the wheat market holds in the green. Improved Central US weather  and lackluster export demand has pressured CBOT…