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…

AgResoure Sunday Commentary; CBOT Called Higher on Dryness or W Europe, The Central US Plains and NW Midwest; Flash Drought for Iowa?

Sunday Pre-Opening Calls Are: Soybeans 5-9 cents higher, corn 3-6 cents higher with wheat called 2-5 cents higher.   CBOT futures are called higher as the Plains/NW Midwest hold in an arid/hot weather pattern for the next 10 days. The EU model has some rain for Iowa, but the GFS/Ensemble solutions do not. A flash…