ARC Mid-Day Commentary; Corn/Wheat Pace Rally on Soy/Grain Spread Unwind; Did China Buy Brazilian Corn?
CBOT grain futures are mixed at midday with traders taking profits on long soy vs grain spreads that worked late last week. South American soy export offers are becoming hard to find with crushers bidding hard for available cash beans. And Russia’s rejection of a Ukraine food corridor leaves the world exceptionally short of cash…