eCBOT Close/Early Call: Crash Bang Wallop
Falling markets, remember them? eCBOT has closed with soybeans around 35c lower, corn 21c lower and wheat around 12c easier.
Since Independence Day beans now languish $2.77-1/2 lower, corn $1.98 lower and wheat "just" 92-3/4 cents easier.
"Weaker oil and a stronger dollar are driving somespeculative trading out of the grain markets," a trader said.
French analyst Agritel added: "Sentiment in the commodities sector is upset by fears of an economic recession, illustrated by the fall in oil prices."
For this afternoon's CBOT session corn futures are expected to open 20 to 22 lower, soybeans 35 to 38 lower and wheat 12 to 15 lower.
Since Independence Day beans now languish $2.77-1/2 lower, corn $1.98 lower and wheat "just" 92-3/4 cents easier.
"Weaker oil and a stronger dollar are driving somespeculative trading out of the grain markets," a trader said.
French analyst Agritel added: "Sentiment in the commodities sector is upset by fears of an economic recession, illustrated by the fall in oil prices."
For this afternoon's CBOT session corn futures are expected to open 20 to 22 lower, soybeans 35 to 38 lower and wheat 12 to 15 lower.
