CBOT Close
Soybeans
August soybeans closed at USD10.36 1/4, down 12 1/4 cents; August soybean meal closed at USD309.30, down USD1.80; August soybean oil closed at 41.46, down 26 points. The average trade estimate for the USDA WASDE report this Thursday is 3.357 billion bushels and an average yield of 43.060 bu/acre. China continues to purchase US soybeans for 2010/11 aggressively with today’s announcement of 400,000 MT. Egypt was also in the market for 100,000 MT, along with 180,000 MT to "unknown".
Corn
September corn closed at USD3.93 1/2, down 9 1/2 cents; December corn closed at USD4.09, down 9 cents. The average trade estimate for Thursday’s USDA WASDE report is 13.279 billion bushels with an average yield projected at 164.080 bu/acre. A firm dollar and weak crude oil added to the bearish sentiment. On the day funds were estimated to have sold nearly 10,000 contracts.
Wheat
Sept CBOT wheat closed at USD6.94 3/4, down 17 3/4 cents; Sept KCBT wheat closed at $7.12 1/2, down 7 1/2 cents; Sept MGEX wheat closed at $7.05 1/4, down 10 cents. The USDA today reported the sale of 120,000 MT of wheat to Egypt for 2010/11. The average trade estimates for the US wheat crop are 2.23 billion bushels for all Wheat, 1.504 billion for all winter wheat, 0.614 billion for other spring and 0.105 for durum.
August soybeans closed at USD10.36 1/4, down 12 1/4 cents; August soybean meal closed at USD309.30, down USD1.80; August soybean oil closed at 41.46, down 26 points. The average trade estimate for the USDA WASDE report this Thursday is 3.357 billion bushels and an average yield of 43.060 bu/acre. China continues to purchase US soybeans for 2010/11 aggressively with today’s announcement of 400,000 MT. Egypt was also in the market for 100,000 MT, along with 180,000 MT to "unknown".
Corn
September corn closed at USD3.93 1/2, down 9 1/2 cents; December corn closed at USD4.09, down 9 cents. The average trade estimate for Thursday’s USDA WASDE report is 13.279 billion bushels with an average yield projected at 164.080 bu/acre. A firm dollar and weak crude oil added to the bearish sentiment. On the day funds were estimated to have sold nearly 10,000 contracts.
Wheat
Sept CBOT wheat closed at USD6.94 3/4, down 17 3/4 cents; Sept KCBT wheat closed at $7.12 1/2, down 7 1/2 cents; Sept MGEX wheat closed at $7.05 1/4, down 10 cents. The USDA today reported the sale of 120,000 MT of wheat to Egypt for 2010/11. The average trade estimates for the US wheat crop are 2.23 billion bushels for all Wheat, 1.504 billion for all winter wheat, 0.614 billion for other spring and 0.105 for durum.