AgResource Mid-Day Commentary: Macro Markets in Recovery Mode; GFS Stays Hot; Global Uncertainty Ramps Up

AgResource Farm Marketing Advice for Monday: 1/ No new advice. “Risk On” across Host of Markets via Sliding US Dollar; Macroeconomic Events Loom Large Late Week. CBOT Volatility to Stay Elevated into July 28th. CBOT grain prices are sharply higher at noon as traders react to sliding Northern Hemisphere grain production due to extreme heat…

AgResource Mid-Day Commentary; Wheat Sags on Russian Willingness to Sign Export Corridor Pact; GFS Midday Forecast Blazing Hot for Midwest/Delta/Plains

AgResource Farm Marketing Advice for Friday: 1/ No new advice. Tug of War between Sagging Wheat and Summer Row Crop Values that want to add Premium for the coming Extreme Heat Across the Plains/SW and W Midwest. NOPA Crush data Released Early.  CBOT grain prices are mixed in light volume with the wild swings of…

AgResource Mid-Day Commentary; UN To Hold an afternoon Press Conference to Report on Russian/Ukraine Grain Export Corridor; Central US Weather Threatening

AgResource Farm Marketing Advice for Wednesday: 1/ Corn/Soybean Producers; Price/Deliver the last 16.5% of the 2021 crop on a basis contract sale under Sept corn and Aug soybean futures. Central IL is bidding $1.20 over on corn and $1.40 over on soybeans. We look to fully price the sale on CBOT rally.    ** June…

AgResource Mid-Day Commentary; USDA Report Nuetral to Slightly Bearish; CBOT Grains Follow Crude Oil to Sharp Losses; Midday GFS Wetter in E Midwest

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Another Russian/Turkey/Ukraine Export Corridor Meeting, USDA July Report and Ukraine Export Rumors. ARC has learned that Wednesday’s corridor meeting in Istanbul will only be attended by military personal, no high-ranking diplomats which suggests that nothing will happen other than parties blaming each other for the…