eCBOT Close/Early Call
eCBOT grains closed mixed, with wheat 4-5 cents higher, soybeans 3-4 cents lower and corn down 2-3 cents.
Early calls for this afternoon's CBOT session: Corn futures are expected to open 1 to 3 lower; soybeans 3 to 4 lower; wheat 2 to 3 higher.
There is still no sign of much rain for the soy and corn growing areas of Argentina, which should underpin bean and corn losses.
Not that beans need much underpinning with export sales very robust this past few weeks. In other export/tender news:
Taiwan bought 99,000mt US/Brazilian corn in a tender. Japan may need to buy 1mmt US corn in the remainder of Q1 according to some reports. That's good because there's precious little support coming from the ethanol sector.
Assorted wheat tenders are also kicking around, with Japan expected to buy 157,000mt wheat tomorrow, 90,000mt of it coming from the US. Egypt and Pakistan are also in the market, although the chances of them buying US wheat probably aren't great.
South Korea is also seeking to buy a total of 146,000mt of soybean meal today.
Early calls for this afternoon's CBOT session: Corn futures are expected to open 1 to 3 lower; soybeans 3 to 4 lower; wheat 2 to 3 higher.
There is still no sign of much rain for the soy and corn growing areas of Argentina, which should underpin bean and corn losses.
Not that beans need much underpinning with export sales very robust this past few weeks. In other export/tender news:
Taiwan bought 99,000mt US/Brazilian corn in a tender. Japan may need to buy 1mmt US corn in the remainder of Q1 according to some reports. That's good because there's precious little support coming from the ethanol sector.
Assorted wheat tenders are also kicking around, with Japan expected to buy 157,000mt wheat tomorrow, 90,000mt of it coming from the US. Egypt and Pakistan are also in the market, although the chances of them buying US wheat probably aren't great.
South Korea is also seeking to buy a total of 146,000mt of soybean meal today.