eCBOT Close/Early Call
eCBOT grains futures worked their way lower throughout the morning Thursday with soybeans ending around 13-18c lower, corn down 7-10c and wheat 5-8c easier.
Overnight rains are seen as beneficial for crops in the eastern two-thirds of Minnesota and much of the northwestern half of Iowa.
Radar images Thursday morning showed extensive rain still falling in a large part of Wisconsin, eastern Iowa, and northwestern Illinois.
Recent gains are seen reducing demand for U.S. supplies and this has prompted some investors to unwind their bets ahead of a three-day weekend.
A weaker dollar and firm crude oil should underpin any losses this side of the weekend however traders said.
Early calls peg corn futures to open 7 to 10 lower; soybeans 15 to 20 lower; wheat 5 to 8 lower.
Overnight rains are seen as beneficial for crops in the eastern two-thirds of Minnesota and much of the northwestern half of Iowa.
Radar images Thursday morning showed extensive rain still falling in a large part of Wisconsin, eastern Iowa, and northwestern Illinois.
Recent gains are seen reducing demand for U.S. supplies and this has prompted some investors to unwind their bets ahead of a three-day weekend.
A weaker dollar and firm crude oil should underpin any losses this side of the weekend however traders said.
Early calls peg corn futures to open 7 to 10 lower; soybeans 15 to 20 lower; wheat 5 to 8 lower.
