AgResource Midday Commentary; Sharp Rally on Worrisome Central US Weather; Prevent Plant Date for Corn on May 25th; Plains Corn Basis Stays Strong
“Risk On” is the theme on Central US Weather Forecast Concern: Prevent Plant Estimates Rise for the Dakotas/N Minnesota; Central US Cash basis Strength, World Crush Margin Expansion on new US soymeal demand; Unlike CBOT sessions late last week, it appears that today’s strength should hold. CBOT futures rose to sharp midday gains amid speculative…