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…
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 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…
It’s the end of the month and CBOT grain futures are sharply lower at the noon hour. The volume of trade has been modest, and it does not take much of an order flow to push CBOT values around. The fund selling started in wheat overnight with the Kremlin suggesting that Russia could allow a…
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…
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