AgResource Labor Day Pre Opening Commentary:Called Slightly Higher on Dry W Midwest Weather, Marco Economic Headwinds Ahead

Monday Pre-Opening Calls Are: Soybeans 3-8 cents higher, corn 2-4 cents higher with wheat called 2-5 cents higher. Happy Labor Day! CBOT futures are called slightly higher to start the holiday shorted week. Market macroeconomics lean bearish with China’s shutdowns expanding and lengthening, while Russia has shut off its flow of natural gas to Germany/Europe.…

AgResource Sunday Commentary; CBOT Called Higher on Pro Farmer Corn Yield of 168.1 BPA, Needed Rain Boosts Soybean Yield Across IA/IL/MN/MO; Early Week Top Expected

Sunday Pre-Opening Calls Are: Soybeans 4-8 cents higher, corn 8-15 cents higher with wheat called 2-5 cents higher. Friday’s Pro Farmer corn yield of 168.1 BPA will set the stage for a higher CBOT opening. However, welcome rain fell across driest areas of the Midwest, which aids the US soy yield outlook. ARC maintains a…

AgResource Sunday Commentary; Weekend Midwest Rain was Better than Expected; Pro Farmer Tour Ahead; India Claims It will Not Import Wheat

Sunday Pre-Opening Calls Are: Soybeans 2 to 5 cents lower, corn 1 cent higher to 3 cents lower with wheat called steady to 3 cents lower. Another week of choppy trade is expected with the US harvest ahead while US export demand for corn/soy increases on CBOT breaks. The Pro Farmer Crop Tour starts Monday…

AgResource Sunday Commentary; CBOT Called Mixed to Lower on Rain for Driest Areas of the W Midwest; EU Weather Features Normal Rain Forecast for the 1st Time Since May

Sunday Pre-Opening Calls Are: Soybeans 2 cents higher to 4 cents lower, corn 1 cent higher to 3 cents lower with wheat called steady to 3 cents lower. There could be some technical carry through buying, but rain is forecast for some of the driest areas of the W Midwest early this week.   CBOT…

AgResoure Sunday Commentary; CBOT Called Slightly lower on N Iowa/Minnesota Rains; USDA August Report Due Friday; China July Soybean Imports 7.15 MMTs

Sunday Pre-Opening Calls Are: Soybeans 5-9 cents lower, corn 3-6 cents lower with wheat called 2-5 cents lower.   CBOT futures are called lower on the better-than-expected rain that fell across N Iowa/S Minnesota and a forecast that offers less heat over the next 10 days. However, with the USDA August Crop Report due out…