AgResource Mid-Day Commentary; CBOT Mixed As Traders Await Coming Central US Heat/Dryness during Lash Half of June

CBOT ag markets are mixed at midday with corn/soybean futures higher while the wheat market sags awaiting a more defined technical position ahead of the USDA June report on Friday. The market does not want to believe that Russia will not allow a Ukraine grain export corridor. The headlines indicate that Russia/ Turkey have worked…

AgResource Mid-Day Commentary: Grains Build on Overnight Rally; US Forecast Favorable Near-Term; Heat/Dryness Probable Mid/Late June

AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBOT futures are steady to higher at midday, with corn and wheat expanding overnight gains. Paris milling wheat has soared €18-20/MT ($.50-.60/Bu) as the market is again forced to exclude Ukrainian surpluses from trade matrixes. And ARC maintains that Russian wheat exports are overstated by…

AgResource Mid-Day Commentary; EPA Expected Later Today with Biofuel Mandates; Midwest Cash Corn Catches Fire

CBOT futures are mixed at midday with the soybean/corn spread giving back some of Thursday’s gain as funds are nearly finished with their intra market spread unwind. Funds were large sellers of corn/buyers of soybeans in recent days as they exited long corn/soybean spreads to manage losses. Soybean’s fall tugged wheat values lower as traders…