Wall Street Set To Open Higher

The grains complex seems to be becoming more linked to Wall Street than crude oil recently.

And Wall Street seems set to open higher this afternoon judged on stock futures and other Asian and European stock markets.

News that China "has a cunning plan" and is ready to throw more money into the kitty, whilst Japan's prime minister is calling for a new stimulus package seems to have restored a bit of confidence.

In Asian trade Japan's Nikkei jumped 5.15 percent, while Hong Kong's Hang Seng index rallied 4.37 percent.

London's FTSE, the French CAC and German DAX are all 1-2% higher this morning too.