CBOT Closing Comments
Soyebans
July soybeans closed at USD9.65 1/2, up 2 1/4 cents; July soybean meal is at USD290.70, up $1.80; July soybean oil is at 37.93, down 12 points. Demand from China remains robust, even without any gains from it's local currency, as witnessed by further sales of old crop US soybeans yesterday.
Corn
July corn was at USD3.51 1/2, down 3 1/2 cents; Dec corn it USD3.72, down 2 3/4 cents. The US dollar was strong, and crude oil weak, which added ed some bearishness today. Demand from China remains robust, even without any gains from it's local currency, as witnessed by further sales of old crop US soybeans yesterday
Wheat
July CBOT wheat ended at USD4.60 3/4, down 1 1/4 cents, July KCBT Wheat was at USD4.94, down 5 3/4 cents; July MGEX wheat at USD5.34 3/4, down 5 1/2 cents. US weather conditions for the 6 to 10 day forecast are calling for above normal temps and below normal rain that should allow the wheat harvest to move forward in the Midwest.
July soybeans closed at USD9.65 1/2, up 2 1/4 cents; July soybean meal is at USD290.70, up $1.80; July soybean oil is at 37.93, down 12 points. Demand from China remains robust, even without any gains from it's local currency, as witnessed by further sales of old crop US soybeans yesterday.
Corn
July corn was at USD3.51 1/2, down 3 1/2 cents; Dec corn it USD3.72, down 2 3/4 cents. The US dollar was strong, and crude oil weak, which added ed some bearishness today. Demand from China remains robust, even without any gains from it's local currency, as witnessed by further sales of old crop US soybeans yesterday
Wheat
July CBOT wheat ended at USD4.60 3/4, down 1 1/4 cents, July KCBT Wheat was at USD4.94, down 5 3/4 cents; July MGEX wheat at USD5.34 3/4, down 5 1/2 cents. US weather conditions for the 6 to 10 day forecast are calling for above normal temps and below normal rain that should allow the wheat harvest to move forward in the Midwest.