CBT Called Weaker on Favorable Central US Weather Forecast & Rain for Winter Brazilian Corn Areas; Egypt’s GASC Tenders for AugustWheat

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 1-4 cents lower with corn/wheat called steady to 2 cents lower. Weekend Weather and CBOT Market Discussion: Opening week calls are steady to slightly lower. Mostly favorable Central US weather is seen as slightly bearish, but traders well understand that a long growing season lies ahead and…

CBT Called Weaker on Follow Thru; China Active in Securing World Corn Tonnage Estimates Rise; Brazilian Corn Crop Continues to Suffer Under Drought

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 2 cents lower to 2 cents higher, with corn/wheat 1-2 cents lower. Weekend Weather and CBOT Market Discussion: Opening week calls are mixed to slightly lower in the grains on the technical lashing that the CBT grains endured late last week. The chart-based position of the CBT…

CBT Called Slightly Lower on Better Weekend Rain Across Iowa/Illinois; Forecast Shows No Pattern Change into May 20th; Brazilian Drought Historic

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 3-5 cents lower with corn/wheat 2-4 cents lower. Weekend Weather and CBOT Market Discussion: Happy Mother’s Day! Opening week  calls are slightly lower on the better-than-expected weekend rainfall across the NW Midwest. The rains may spark some early week profit taking ahead of Wednesday’s USDA’s May Crop…

CBT Called Higher on Friday Price Surge; Dry Pattern for N Plains, NW Midwest and S Canadian Prairies Next 10 Days; Daily CBT Price Limit Expands Tonight

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 3-5 cents higher, corn and wheat 3-6 cents higher. Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are higher. Less than perfect Central US weather, surging cash corn bids and Friday’s strong closes are expected to lift CBT values to start the week. However, the…

CBT to Start Week Higher on Deepening Brazilian Drought and Midwest Cash Market Strength; N Plains and NW Midwest on Dryness Watch

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 4-6 cents higher, corn and wheat 2-4 cents higher. Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are higher. Adverse weather and the hefty premiums of the Midwest cash markets are the drivers of the CBT heading into 1st notice day on Friday. The forecasts…