AgResource Mid-Day Commentary: CBOT Little Changed From Overnight Session; Brazilian Corn Premium Widens; US Forecast Extremely Wet

AgResource Farm Marketing Advice for Friday: 1/ No new advice. CBOT ag futures have done little price-wise since the AM opening with soy futures up 7-15 cents, corn down 5-7 and wheat futures down 25-50, with spring wheat contracts in Minneapolis pacing the decline. Breaking news is absent but as large funds typically adjust positions…

AgResource Mid-Day Commentary: Wheat Extends Losses but Fills Chart Gaps; Old Crop US Demand Intact; US Forecast Stays Wet

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT futures are mixed at midday, with July soybeans up 30, wheat futures down 20-30 and corn unwilling to move. Better than expected weekly soybean and meal export sales are cited, and the US Gulf soy market maintains a sizable discount to Brazilian origin for…

AgResource Mid-Day Commentary: CBOT Weakens on Collapse in Macro Markets, Energy; US Forecast Trends Wetter Again

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT futures are sharply lower at midday, with corn and soybeans falling to initial chart-based support while wheat undergoes its first meaningful correction in three weeks. Coincidentally, July CBOT wheat began its decline exactly at early March’s peak. There’s no real catalyst for today’s break,…

AgResource Mid-Day Commentary: Wheat Recovers on Global Weather Threats; Midday GFS Features First Tropical Storm of 2022

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBOT futures are mixed at midday, with wheat surging to newer highs while corn and beans struggle amid improved Midwest planting weather and a lack of new export news. FAS’s daily reporting system was absent for a second day, and while China does sit under…