eCBOT Close/Early Call
Wednesday's CBOT session is seen opening with corn futures expected 2 to 4 cents lower, soybeans 6 to 10 lower and wheat 5 to 7 lower.
Corn and wheat were lower for much of the overnight eCBOT session, but soybeans were mostly firmer before selling off late to also close in negative territory.
September beans closed 9 3/4c lower at $15.18 1/4, Sep corn 3 1/2c lower at $6.44 3/4 and Sep wheat 7 1/4c lower at $8.03 3/4.
Favourable US weather, wheat harvest pressure, weaker crude oil and spillover economic pressures from outside sectors are all bearish influences today a trader said.
However the market remains nervous as crude could bounce this afternoon depending on the latest stocks data from the EIA, the trader warned.
Corn and wheat were lower for much of the overnight eCBOT session, but soybeans were mostly firmer before selling off late to also close in negative territory.
September beans closed 9 3/4c lower at $15.18 1/4, Sep corn 3 1/2c lower at $6.44 3/4 and Sep wheat 7 1/4c lower at $8.03 3/4.
Favourable US weather, wheat harvest pressure, weaker crude oil and spillover economic pressures from outside sectors are all bearish influences today a trader said.
However the market remains nervous as crude could bounce this afternoon depending on the latest stocks data from the EIA, the trader warned.
