All Members: Morning

CBOT Rallies Overnight on China’s Domestic Meal Pricing; Can November Close Over $9.80?

Sep 22, 5:44 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: Nov soybeans are up 8.00 cents at $9.7875, Dec corn is up 1.75 cents at $3.52 while Dec Chi wheat is up 2.0 cents at $4.545.  ** AgResource AM Grain & Oilseed Comment: Good Morning! Mostly higher has been the overnight CBOT trade with corn, soybeans and wheat posting modest gains. Ongoing active domestic buying of Chinese soymeal along with technical demand has pushed CBOT values higher overnight. The end of the month/quarter loom  next week, which has some funds seeing value in the cheap raw material space.   November soybeans have rallied to resistance at $9.80, the 200 day moving average and the early September highs, with the grains in tow. The volume…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Down On Advancing Midwest Harvest; Yield Debate Persists

Sep 21, 6:45 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: Nov soybeans are down 6.00 cents at $9.64, Dec corn is down .75 of a cent at $3.4925 while Dec Chi wheat is down 1.50 cents at $4.4825.  ** AgResource AM Grain & Oilseed Comment: Good Morning! The CBOT price pattern of up one day and down the next continued with CBOT corn, soybeans and wheat taking back a portion of Wednesday’s rally in more active volume. The US dollar was firmer with world equity markets largely mixed in the wake of Wednesday’s US Central Bank policy changes. ARC research expects this price pattern of back-and-forth at the CBOT to continue as harvest pushes ahead.     Overnight CBOT trade volume featured just over…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Higher Overnight; Hot Spots in World Weather Gain Attention

Sep 20, 6:53 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: Nov soybeans are up 4.00 cents at $9.695, Dec corn is up .75 of a cent at $3.49 while Dec Chi wheat is up 1.75 cents at $4.4475.  ** AgResource AM Grain & Oilseed Comment: Good Morning! Mostly higher has been the overnight CBOT trade with corn, soybeans and wheat posting gains this AM.   Trade volume has been less than normal with just over 6,000 contracts of December corn, just over 9,000 contracts of November soybeans, and just over 6,000 contracts of December Chi wheat changing hands.   Preliminary CBOT open interest increased 9,094 contracts in corn, while falling 3,105 contracts in soybeans and 2,905 contracts in wheat. Funds continue to pile into a…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Mixed Lacking Trading Inspiration; Harvest Results Awaited

Sep 19, 6:55 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: Nov soybeans are unchanged at $9.6775, Dec corn is up 1.0 cent at $3.525 while Dec Chi wheat is up 3.00 cents at $4.465. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mixed and moderate volume has been the overnight CBOT trade with corn, soybeans and wheat trading either side of unchanged. Over 10,000 contracts of December corn and November soybeans, and over 6,000 contracts of December Chi wheat have changed hands.   Preliminary CBOT open interest increased 8,086 contracts in corn and 1,588 contracts in soybeans while losing 3,042 contracts in wheat.   The NASS weekly crop progress and condition report showed that 7% of the US corn and 4% of the…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

Cattle Called Firm with Cold Storage Due Friday; Central US Weather, Warm/Dry in East

Sep 18, 7:07 am | Morning Commentary

** AgResource Daily Cattle Analysis: Cattle futures finished slightly better last week, and a firm outlook is offered for early trade this morning. This week will feature a number of fundamental reports, starting with the Slaughter report on Thursday, followed by the Cold Storage and Cattle on Feed reports that will be released on Friday. We look for steady/higher trade in the 1st half of the week, with the cattle trade to slow ahead of the CoF report.      Most of last week’s cash business held until late week with cattle mostly selling from $105-106, or steady to $1 higher from the previous week. Beef cutout values finished the week $.46 lower on choice, and $4.12 weaker on select, which…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Starts Week Mixed, All Eyes on Harvested Yield Data

Sep 18, 6:49 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: Nov soybeans are up 2.50 cents at $9.7125, Dec corn is down .5 of a cent at $3.5425 while Dec Chi wheat is down 3.00 cents at $4.46.  ** AgResource AM Grain & Oilseed Comment: Good Morning! The week has started out mixed with soybeans and meal holding in the green, while corn, wheat and soyoil futures post modest losses. Over 13,000 contracts of December corn, over 12,000 contracts of November soybeans, and over 7,600 contracts of December Chi wheat have changed hands. Such volume is rather normal.   Preliminary CBOT open interest increased 4,306 contracts in corn, while soybeans lost 3,571 contracts and wheat lost 818 contracts.   There was some weekend cutting…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Retreats Ahead Of An Early Harvest Weekend

Sep 15, 7:00 am | Morning Commentary

 ** 6:30 AM CDT CBOT Prices: Nov soybeans are down 3.25 cents at $9.7275, Dec corn is down 1.25 cents at $3.53 while Dec Chi wheat is down 2.00 cents at $4.41  ** AgResource AM Grain & Oilseed Comment: Good Morning! Slightly lower has been the overnight trend at the CBOT as corn, soybeans and wheat sag after recent post USDA Crop Report gains. The harvest will quicken on the weekend and profit taking on the gains appears to be the early feature. The next few weeks will reflect increasing harvest activity with combine yield data to drive CBOT valuations. So far, Midwest producers are disappointed with early season yields, but it’s far too early to determine any US yield…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Advances On South American Weather and the Midwest Yield Debate

Sep 14, 6:48 am | Morning Commentary

 ** 6:30 AM CDT CBOT Prices: Nov soybeans are up 5.25 cents at $9.6525, Dec corn is up 2.50 cents at $3.54 while Dec Chi wheat is up 3.75 cents at 4.4675.  ** AgResource AM Grain & Oilseed Comment: Good Morning! The overnight CBOT trade has been mostly firmer in declining volume. Soybeans and wheat have been the bullish stalwarts, with corn in tow. Overnight CBOT trading volume has exceeded 10,000 contracts of November soybeans, and over 9,000 contracts of December corn and over 6,000 contracts of December Chi wheat.    Preliminary CBOT open interest for Wednesday reflects a 2,771 contract gain in corn, a 5,388 contract gain in soybeans, and 2,858 contract bump in Chi wheat. Ahead of the…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

Combine Results and South American Weather To Gain in CBOT Importance

Sep 13, 6:50 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: November soybeans are up 4.50 cents at $9.55, Dec corn is up .50 of a cent at $3.52 while Dec Chi wheat is up 2.75 cents at $4.4475.  ** AgResource AM Grain & Oilseed Comment: Good Morning! Improved volume and mixed trading has been the CBOT feature overnight. Corn, soybean and wheat futures have traded either side of unchanged with wheat/soy futures uncovering demand on tightening US soyoil stocks, doubt over record large US soybean pod weights, and a 1.5 MMTs fall in 2017/18 world wheat end stocks. The corn market has lagged as South American corn exports continue to ramp up and steal “export thunder” from the US.   Overnight CBOT trading volume…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In

CBOT Mixed Awaiting USDA September Crop Report

Sep 12, 7:08 am | Morning Commentary

** 6:30 AM CDT CBOT Prices: November soybeans are down 2.50 cents at $9.575, Dec corn is down 2.50 cents at $3.55 while Dec Chi wheat is down 1.00 cent at $4.3375.  ** AgResource AM Grain & Oilseed Comment: Good Morning! CBOT values were mostly weaker overnight with the USDA September Crop Report looming at 11:00 AM CDT.  The average September crop estimate is for a US 2017 corn yield of 167.8 BPA (down 1.7 BPA) and a soybean yield of 48.7 BPA (down .7 BPA) from August. The expectation for lower yields has traders concerned that this morning’s September report might be a tad bearish with harvest dead ahead.   The volume of trade overnight has been moderate with…

Not Subscribed Yet?
The content that you are trying to view requires a subscription. Please click below to subscribe, or contact us by email at sales@agresource.com and by telephone at 312-408-0045

Log In