eCBOT Close/Early Call
eCBOT grains closed the overnight session mixed with soybeans around 12c higher, corn 2-5c lower and wheat up around 1-2c.
Soybeans got a shot in the arm from ideas that recent price falls will be sufficient to stimulate demand.
Crude oil was also a little firmer ahead of OPEC's meeting tomorrow, where they are widely expected to cut production by at the very least 1m barrels/day, and possibly up to 2.5m barrels/day if some countries get their way.
This was modestly supportive, but the big picture still shows falling prices, global recession and reduced world demand.
Early calls for this afternoons CBOT session: Corn futures are expected to open 1 to 2 lower; soybeans 10 to 12 higher; wheat 1 to 3 higher.
Soybeans got a shot in the arm from ideas that recent price falls will be sufficient to stimulate demand.
Crude oil was also a little firmer ahead of OPEC's meeting tomorrow, where they are widely expected to cut production by at the very least 1m barrels/day, and possibly up to 2.5m barrels/day if some countries get their way.
This was modestly supportive, but the big picture still shows falling prices, global recession and reduced world demand.
Early calls for this afternoons CBOT session: Corn futures are expected to open 1 to 2 lower; soybeans 10 to 12 higher; wheat 1 to 3 higher.