Overnight market developments - oil supports
Oil at or near a record $123/barrel is supporting all the grains complex this morning. Corn is up around 7c, soybeans 4-8c firmer and wheat up around 4c.
The Argy problem is ongoing & although some progress has been made is far from resolved as yet. This is also supportive for beans.
The USDA are out Friday with a revised crop production estimate which will keep traders cautious.
The Argy problem is ongoing & although some progress has been made is far from resolved as yet. This is also supportive for beans.
The USDA are out Friday with a revised crop production estimate which will keep traders cautious.
