Category Archives: Sunday Commentary

CBOT Call Steady to Slightly Lower on OK Weather; There is a Need for IA/SE Minnesota Rain; China Demand Uncertain?

AgResource Pre-Opening Sunday Market Calls: Soybeans steady to 2 cents lower, corn steady to 1 cent lower with wheat called 1-2 cents lower. Weekend Weather & CBOT Market Discussion: Opening week price calls are steady to slightly lower. The attached map highlights 7-day rainfall for the period ending August 2nd. Notice that the E Plains,…

Favorable Central US Weather, Better Russian Wheat Yields, and Concern that China’s Purchase Pace Could Slow to Pressure CBOT Values in New Week

AgResource Pre-Opening Sunday Market Calls: Soybeans 2-4 cents lower, corn 1-2 cents lower with wheat called 1-3 cents lower. Weekend Weather & CBOT Market Discussion: Opening week price calls are slightly lower. Seasonal CBOT price trends are down into September, the Central US weather forecast calls for soaking rains across the dry areas of IA…

CBOT Called Mixed to Slightly Lower to Start on Daily Midwest Rainfall Chances into August; New China Buying Needed to Build on Last Week’s Soy Rally

AgResource Pre-Opening Sunday Market Calls: Soybeans 2 cents lower to 2 cents higher, corn 1 cent lower to 1 cent higher with wheat steady to 2 cents lower. Weekend Weather & CBOT Market Discussion: It’s a difficult call to start the week. Corn/soybeans are called mixed with wheat slightly lower on the poor market performance…

Central US Weather Less Threatening Thru Pollination;WASDE Forecast 20/21 US Corn Stocks at a 3 Decade High; Fund Soybean Long Largest in Over 2 Years

AgResource Pre-Opening Sunday Market Calls: Soybeans 3-5 cents lower, corn 2-4 cents lower with wheat called 1-3 cents lower. Weekend Weather & CBOT Market Discussion: Opening week calls are slightly lower on less threatening Central US weather. Showers/storms traversed the Central US this weekend (see attached map) while the forecasting models do not show a…

CBOT Called Slightly Higher; Central US Weather Forecast Uncertain Beyond July 12; Overnight Model Run Takes On Added Importance

AgResource Pre-Opening Sunday Market Calls: Soybeans 2-4 cents higher, corn 1.50-2.50 cents higher with wheat called 2-4 cents higher. Weekend Weather & CBOT Market Discussion: Opening week calls are higher on the uncertain Central US weather forecasts. The GFS and Canadian weather models have been erratic in their solutions while the EU model is more…