Early call on Chicago
Corn futures are expected to open 1 to 5 higher; soybeans 6 to 14 higher; wheat mostly 10 to 12 higher. Speculative buying pushed prices higher in overnight trade but volatile trade should be expected Thursday. Profit-taking could develop ahead of the weekend.
I feel it really could do anything tonight depending on whether the bulls or the bears take over. Last night's suspension of the Argy strike could pressure nearby beans as the session wears on.
Long-range forecasts call for a continuation of current wet, cool weather into mid-April could also pressure new crop beans and provide some support for corn.
Lets see if the export figures due out at 13.30BST give us any further help.
I feel it really could do anything tonight depending on whether the bulls or the bears take over. Last night's suspension of the Argy strike could pressure nearby beans as the session wears on.
Long-range forecasts call for a continuation of current wet, cool weather into mid-April could also pressure new crop beans and provide some support for corn.
Lets see if the export figures due out at 13.30BST give us any further help.
