eCBOT Close, Early Call
eCBOT closed with soybeans slightly firmer and corn & wheat lower. March corn was down 3 cents to $3.78 3/4; March wheat fell 1 1/2 cents to $5.76 1/2 and March soybeans were up 2 cents to $9.72 1/2.
There really isn't a lot of fresh news, it's very much a will-it-won't-it rain in Argentina situation.
Take a look at the video, even if the forecast inch of rain does arrive, is it going to make much difference? A foot of rain might be nearer the mark!
Crude oil seems settled around $42/barrel, which is mildly supportive.
Egypt are tendering for wheat, some of which may come from US origins. Often the results of Egyptian tenders are announced on a Saturday, so it may be that whatever happens that won't influence the market this afternoon.
Early calls for this afternoon's CBOT session: Corn Down 2-3c, Soy Mixed, Wheat Down 1-2c
There really isn't a lot of fresh news, it's very much a will-it-won't-it rain in Argentina situation.
Take a look at the video, even if the forecast inch of rain does arrive, is it going to make much difference? A foot of rain might be nearer the mark!
Crude oil seems settled around $42/barrel, which is mildly supportive.
Egypt are tendering for wheat, some of which may come from US origins. Often the results of Egyptian tenders are announced on a Saturday, so it may be that whatever happens that won't influence the market this afternoon.
Early calls for this afternoon's CBOT session: Corn Down 2-3c, Soy Mixed, Wheat Down 1-2c