AgResource Sunday Commentary; CBOT Called Weaker on Better than Expected Illinois/E Iowa Rainfall; Warmer/Drier Forecast to Offer Support

Pre-Opening Sunday CBOT Calls: Soybeans 5-10 cents lower, corn 4-7 cents lower with wheat called 1-4 cents lower on harvest hedge pressure Opening week CBOT calls are lower. Better than expected rain fell throughout the E Iowa, NE, and NC Illinois on Saturday from a MCC (T storm complex) which will initially pressure the CBOT.…

AgResoure Holiday Commentary; CBOT Called Mixed to Higher; Central US Dryness to Worsen; Odessa Hit Again by Russia

Pre-Opening Sunday CBOT Calls: Soybeans 6-12 cents higher, corn 4-7 cents higher with wheat called 1-4 cents lower on harvest hedging. Opening week CBOT calls are mixed to higher. Crop threatening Central US weather and fresh missile attacks against the Port of Odessa will boost corn/soy futures in the holiday shortened week with corn being…

AgResoure Sunday Commentary; CBOT Called Higher on Central US Heat/Dryness Next 2 Weeks; EU Weather Risk Also Elevated; CBOT to Add Weather Premium to Price

Pre-Opening Sunday CBOT Calls: Soybeans 6-12 cents higher, corn 3-6 cents higher with wheat called 5-9 cents higher. Opening week CBOT calls are steady to higher.  The rest of the world will react to the June WASDE report due to their weekend starting as the report was released last Friday. Strong old crop cash markets…

ARC Sunday Commentary; Russian War Against Ukraine Intensifies; Key Ukraine Grain Export Facility Bombed; GFS/Canadian Models offer Central US Ridge

Pre Opening Sunday CBOT Calls: Soybeans 3-6 cents higher, corn 1-4 cents higher with wheat called 4-8 cents higher. Opening week CBOT calls are steady to higher. ARC delayed our Sunday report based on the high-pressure Ridging that has been shown this weekend on the US GFS model vs a less intense Ridge in the…