AgResource Mid-Day Commentary; Central US Weather Goes Drier/Warmer/ China Purchasing US Corn, Sorghum, Wheat? Russian Wheat Export Taxes?
US Grain Demand Rumors, Russian Export Doubt and Crude Oil Recovery. CBOT grain futures are sharply higher at midday in a recovery of the lashing of prior trading days. Improved US export demand, strong domestic biofuel margins and concerning Central US weather forecasts have combined to lift CBOT values. Wheat has paced the recovery with…