AgResource Mid-Day Commentary; Paris Wheat Surges to New Contract High; Indian Wheat Export Confusion: US March Census Corn/Soyoil Exports Surprise

CBOT futures are mixed at the noon hour as corn/soybean futures sag on the prospect of improved US seeding weather across the C and E Midwest, while wheat futures hold solid gains. There remains some political uncertainty in the news as to the Indian wheat export ban/restriction. The volume of trade has been more active…

AgResource Mid-Day Commentary; CBOT Rally Fails on Fund Risk Reduction Ahead of US Central Bank Rate Hike; Week 2 of the Central US Weather Forecast Wet

It’s a mixed trading session with CBOT corn trading lower, while wheat and soybeans hold in the green. Wednesday’s Fed increase in interest rates along with uncertain 10-15 day weather forecast for the Central US has CBOT futures trading either side of unchanged. It does not require much volume to push values either up or…

AgResource Mid-Day Commentary: Markets Extract Weather Premium; US Dollar Targeting New Multi-Year High Settlement

AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBOT ag futures are mostly lower at midday as the US dollar index works to score a new 20-year high settlement and amid sharply lower energy markets. There also remains broad agreement that drier and relatively warmer weather blankets the Central and Eastern Midwest weekend,…

AgResource Mid-Day Commentary; Corn Market Scores New Contract Highs; Wheat Retreats on Plains Rain; China Booking US Soybeans?

CBOT futures are sharply mixed at midday. Wheat futures are lower on the prospect of Plains rainfall next week, while corn futures have scored new rally highs in both old and new crop futures on the same rain delaying planting. And soybeans have rallied on fresh Chinese interest for US July forward soybeans from Sinograin.…

AgResource Mid-Day Commentary; CBOT Corn Scores Fresh Contract High on Wet Weather Forecast/ China Demand Confirmation; Soybeans Leak on May Liquidation

CBOT futures are mixed at midday. The lack of fresh buying from China has allowed soybean futures to sag, while corn/wheat hold in the green on concerning US and Canadian weather. The volume of trade is well down on prior days, but limited sell orders rest above the marketplace. Brazilian soybean basis bids have declined…