ARC Mid-Day; Soyoil Rises Sharply on EPA Rumors to Expand Mandates; China Booking US Corn/Soybeans? Crude Oil Rallies on OPEC+ Increase

CBOT futures are mostly higher at midday with July corn sagging on the intra crop fund spread unwind. Funds were huge spreaders of long July corn and short July soybeans following the March 31st Seeding Intentions report on the idea that record large US soybean seeding was going to cause the spread to narrow. The…

AgResource Mid-Day Commentary: Grains Extend Collapse on Ukraine Export Hope; Soybeans Add Premium; Egyptian Wheat Lineup Leans Supportive

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT ag futures are mixed at midday, with the soy complex finding support on new soybean export demand and with grains collapsing on continued expectations that old crop Ukrainian corn and wheat supplies will be given safe passage through the Black Sea. More and more…

ARC Mid-Day Commentary; Rumors of China Buying 500,000 MTs of World Corn; Spot Midwest Cash Soybean Basis On Fire; Planting Progress Important on Tuesday

AgResource will release our Weekend Summary after the CBOT close. CBOT grain futures are sharply higher at midday with July soybean futures pushing to new contract highs at $17.44. Corn/wheat futures posted strong gains as the news spread that Russia will not back down from its demands that western sanctions be dropped in return for…