AgResource Midday Commentary; CBOT Futures Recover at Midday; GFS Forecast Drier for E Midwest into June 15th, Soybeans Score Weekly Reversal
CBOT grain futures have fluctuated wildly with soybean futures leading the upside charge amid the fear of deepening Midwest/Delta dryness. Soybeans have paced the upside rally on talk of Chinese pricing and limited cash sales from Brazil/Argentina. The Dollar Peso Argentine soybean sales program ended yesterday with cash merchandisers explaining that farmers there have virtually…