Soybean Upside Breakout Above $13.93 May; South American Weather Forecasts Concerning; Palmoil Futures Soar to Yearly High on Export Demand

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 AM CBOT Prices: March soybeans are up 20.50 cents at $14.0425, March corn is up 3.50 cents at $5.545 while Mar Chi wheat is down 5.50 cents at $6.585. AgResource AM CBOT Comment & Analysis: Good Morning! Soybean futures surged above chart-based resistance ($13.93…

Arid Argentine/S Brazilian Weather To Produce Flash Drought in Early March; China Policy Strives for Food Self Sufficiency; Inflation Worry Dominates

AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CBOT Prices: March soybeans are up 2.50 cents at $13.7975, March corn is up 5.50 cents at $5.4825 while Mar Chi wheat is up 1.00 cent at $6.5175. AgResource AM CBOT Comment & Analysis: Good Morning! CBOT futures are mostly higher to start…

WASDE Offers Up Bullish 2021/22 Corn, Soybean and Wheat Stock Estimates; Paris Wheat to New Contract High; South American Weather is Concerning

AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 AM CBOT Prices: March soybeans are up 4.25 cents at $13.8025, March corn is down 1.00 cent at $5.4925 while Mar Chi wheat is unchanged at $6.625. AgResource AM CBOT Comment & Analysis: Good Morning! CBOT futures are mixed this morning with soybean futures…

CBOT Retreats on Sharp Fall in Malaysian Palmoil/Drop in Paranagua Paper Trade in Soybean Basis; USDA 97th Outlook Forum Starts Soon

AgResource Farm Marketing Advice for Thursday:1/ Soybean & Corn Producers: Exercise March $10.80/$13.00 March soybean calls into Long March futures – and then roll them into May futures at 1 cent March under. Exercise long March $4.20 corn calls into March futures and roll into May Corn futures at a 2-cent premium.  6:30 AM CBOT…

CBOT Mixed as Traders Await the USDA Outlook Forum Thursday; April Palmoil to Fresh Contract High; South American Weather Concerning into March

AgResource Farm Marketing Advice for Wednesday:1/ Soybean & Corn Producers: Exercise March $10.80/$13.00 March soybean calls into Long March futures – and then roll them into May futures at 1 cent March under. Exercise long March $4.20 corn calls into March futures and roll into May Corn futures at a 2-cent premium. The Argentine weather…