AgResource Mid-Day Commentary; Funds Hedge Inflationary Risks and Buy CBOT; Hope is For Bearish Report Thursday to Add to Length; Central US Forecast Wetter

CBOT grains are sharply higher at midday with “risk on” being the early mantra of investment managers. The US Labor Dept reported that the April US inflation rate was up a larger than expected 8.3% with food inflation soaring 9.4%, the largest monthly gain since April of 1981. Hedge fund managers note that Bitcoin has…

ARC Mid-Day Commentary; CBOT Dec Corn Takes Back Leadership as Seeding Progress Unlikely to Exceed 42% thru Sunday; Iran to Become A Potent Wheat Importer

CBOT grains are mostly higher at midday. Fund managers want to position long on CBOT breaks for the coming summer growing season, but they note that equity and crude oil futures continue to trade wildly. This has cut daily CBOT volume and prevents a fund from chasing a grain rally too hard. US crude values…

AgResource Mid-Day Commentary; Macro Monday-US Stock Market Swoons and Take CBOT Grains With Them; Recovery Seen Tuesday

AgResource Farm Marketing Advice for Monday: 1/ Livestock Feeders: Covered 50% of summer soymeal use with August soymeal futures at $402.00 or less. CBOT futures are sharply lower at midday except being wheat. Wheat has traded either side of unchanged. The sharp losses in the macro financial markets has pulled CBOT values lower. It’s much…

AgResource Mid-Day Commentary; Weather and Marco Market Falls Produce Pressure; December Corn Coming into Value; Low March 31st Canadian Canola Stocks

CBOT futures are mixed at midday with wheat futures higher, while corn/ soybeans sag with the financial markets and improved Central US weather forecast with warm/dry weather to be offered for the C and E Midwest. The problem is the Northern Plains and the NW Midwest where frequent storms will continue maintain wet soils and…