AgResource Mid-Day Commentary; End Users Use CBOT Weakness To Extend Forward Coverage; Russia Rejects Ukraine Grain for Russian Fertilizer Corridor

CBOT grain futures were sharply lower on the opening and are in recovery on end user pricing. Funds are sizeable early net sellers, but end users are finally getting their chance to extend forward coverage into July/August.  The scale down buyers includes soybean crushers, ethanol grinders and wheat importers/millers. The end user pricing has been in…

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…