CBOT ag markets are mostly higher with soybeans/soyoil pacing the rally. Corn and wheat have followed soy complex gains as the CBOT continues to react to Friday’s NASS crop data. The NASS June Seeding data completely changed the oilseed outlook amid the decline of 4 Mil acres of US soybeans acres. This was enough lost…
CBOT ag markets are sharply mixed following the June Stocks/Seeding report with soybean/wheat futures higher while the corn market sags on a bearish surprise on 2023 US corn seedings. This June report held something for everyone with the soybean market to be the bullish stalwart thru summer while corn is the bearish anchor. The CBOT…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT ag markets are mixed at midday, with corn slightly weaker, beans slightly higher and wheat caught between. Volume has been mediocre and ARC continues to highlight the recent plunge in open interest, which exacerbates volatility. Stocks and seedings data drives price action on Friday/Monday,…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBOT ag markets have extended overnight weakness as radar maps show lite rain working across northern MO and into IL, and as the midday GFS continues to add to 10-day cumulative precip. US ethanol production remains seasonally strong, and margins have soared following the break…
Sharply lower CBOT grain futures exists at mid-session amid the prospect of improved Midwest rain starting this weekend and continuing next week. Rain makes grain and the market was able to look past the near record low crop ratings released late Monday. Corn, soybeans, and wheat crops have suffered from record dryness since mid-May which…
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