CBOT Early Call

The overnight grains closed with beans up 3-4 cents, corn 4-6 cents higher and wheat mixed a cent or so either side.

The dollar is firmer and crude oil mixed.

The American Petroleum Institute said that US crude oil stocks rose by a hefty 5.3 million barrels again last week. The US Energy Dept will report on stocks themselves later today.

The dollar is gaining, albeit against a particularly euro and sterling.

Temperatures got down to low 30's in Illinois last night under clear skies, but it's premature to be talking any crop damage to newly planted corn.

Daytime temps will be tending cooler and wetter staring tomorrow.

The USDA have confirmed a sale of 115,000 MT of old crop US corn to China. Other reports suggest that additional smaller 50-55,000 MT sales (which don't have to be reported immediately) may also have been made.

Early calls for this afternoon's CBOT session: corn called 3 to 5 higher; soybeans called 1 to 3 higher; wheat called flat to 2 lower.