AgResource Midday Commentary; CBOT Mixed with Volume in Retreat on the Break; Key is the close and whether May corn can settle above $4.42 – the 50 Day Moving Average

CBOT values are mixed at midday. May corn futures failed to accelerate through the 50-day moving average while selling in soyoil futures pulled soybean prices lower. A close above the 50-day moving average in May corn ($5.42) is needed to confirm a new leg up. Otherwise, the CBOT is holding in a sideways trading pattern…

AgResource Midday Commentary: May CBOT Soybean Futures Push Above 50 Day Moving Average; Brazilian Dec-February Weather; Future Mexican Corn Import Demand

CBOT values are mixed at midday with the grains weaker and soybeans firmer. There was solid volume on the 8:30 CT reopening, but activity following the first 30 minutes dried up. Grains have a mixed tone while soybeans feel supported at midday with the charts providing clues for the close. Traders are watching to see if…

AgResource Midday Commentary; May CBOT Soybean Futures Push Above 50 Day Moving Average; Brazilian Dec-February Weather; Future Mexican Corn Import Demand

CBOT values are mixed at midday with the grains weaker and soybeans firmer. There was solid volume on the 8:30 CT reopening, but activity following the first 30 minutes dried up. Grains have a mixed tone while soybeans feel supported at midday with the charts providing clues for the close. Traders are watching to see if…

AgResource Midday Commentary; Slow and Mixed are the CBOT at Midday; Wheat Rallies on Black Sea Dryness and Fund Short Covering; Brazilian Real Weakens

Mixed are CBOT values at midday with corn/wheat higher while soybeans sag on the rise in Brazilian cash soybean sales due to the faltering real. The Brazilian real has been recently edging lower vs the US dollar with the rate being 5.035:1 USD which has helped boost Brazilian cash soybean harvest sales. The real had…

AgResource Midday Commentary; Wheat Bounces from Early Session Selling on Rising Russian FOB Offers; Soybeans Sag on Weak Brazilian Premiums; GFS Midday is Wet for N and C Brazil.

CBOT values are mixed at midday with wheat futures rising while the soy complex sags. Soyoil has been the downside price leader as Friday’s rally stopped just short of $.50/pound basis May and selling returned. CBOT traders are awaiting the EPA update on their GREET model and how it will impact corn and soyoil demand…