eCBOT Close/Early Call
eCBOT grains started the new month in similar vein to November, lower. Indeed November was the fifth straight months of declines in the grains complex on speculation that a slumping global economy will reduce demand for meat, milk and eggs.
Soybeans and wheat closed the overnight session around 15 cents lower, with corn down around 5 cents.
Crude oil is a couple of dollars lower around $52/barrel, after OPEC over the weekend deferred a decision to cut production to boost prices to it's next meeting in Algeria later this month,
Early calls for this afternoon's CBOT session: Corn futures are expected to open 4 to 6 lower; soybeans 13 to 16 lower; wheat 13 to 16 lower.
Soybeans and wheat closed the overnight session around 15 cents lower, with corn down around 5 cents.
Crude oil is a couple of dollars lower around $52/barrel, after OPEC over the weekend deferred a decision to cut production to boost prices to it's next meeting in Algeria later this month,
Early calls for this afternoon's CBOT session: Corn futures are expected to open 4 to 6 lower; soybeans 13 to 16 lower; wheat 13 to 16 lower.