Early Call On Chicago
The overnight grains closed mostly higher with beans up mostly around 4-5 cents, wheat was 5-6 cents higher and corn narrowly mixed either side.
The dollar is weaker and crude oil up the best part of two dollars.
Heavy weekend rains are seen supporting wheat by delaying harvesting in Kansas and potentially causing further flooding in Canada.
There is now widespread talk of millions of acres going unseeded in Canada, and what has managed to get sown drowning in sodden fields.
Rain in the Midwest isn't likely to do any harm to newly planted corn, but may have hindered farmers' attempts to get the remainder of the soybean crop sown.
The USDA will report on soybean planting progress after the close tonight, along with winter wheat harvest progress and crop conditions.
NOPA report that the May US soybean crush was 127.815 million bushels, towards the low end of expectations, almost 4 million down on last month and well below May last year.
The Argy soybean harvest is now just about over at 98% complete.
Bangladesh has bought 100,000 MT of option origin wheat.
China is shut for three days because of a public holiday, but that hasn't stopped them being confirmed as a buyer of more US corn this morning. The USDA have confirmed that two cargoes (120,000 MT) of old crop corn have been sold to China by private exporters.
Argentine port workers have reportedly called off plans to strike today.
Early calls for this afternoon's CBOT session: corn called 1 to 2 higher; soybeans called 3 to 5 higher; wheat called 4 to 6 higher.
The dollar is weaker and crude oil up the best part of two dollars.
Heavy weekend rains are seen supporting wheat by delaying harvesting in Kansas and potentially causing further flooding in Canada.
There is now widespread talk of millions of acres going unseeded in Canada, and what has managed to get sown drowning in sodden fields.
Rain in the Midwest isn't likely to do any harm to newly planted corn, but may have hindered farmers' attempts to get the remainder of the soybean crop sown.
The USDA will report on soybean planting progress after the close tonight, along with winter wheat harvest progress and crop conditions.
NOPA report that the May US soybean crush was 127.815 million bushels, towards the low end of expectations, almost 4 million down on last month and well below May last year.
The Argy soybean harvest is now just about over at 98% complete.
Bangladesh has bought 100,000 MT of option origin wheat.
China is shut for three days because of a public holiday, but that hasn't stopped them being confirmed as a buyer of more US corn this morning. The USDA have confirmed that two cargoes (120,000 MT) of old crop corn have been sold to China by private exporters.
Argentine port workers have reportedly called off plans to strike today.
Early calls for this afternoon's CBOT session: corn called 1 to 2 higher; soybeans called 3 to 5 higher; wheat called 4 to 6 higher.