eCBOT Close/Early Call
eCBOT futures closed the overnight session mixed with soybeans 3-4c higher on ideas that a forthcoming public holiday in China next month will see increased business coming from that direction.
Steady crude oil prices as Hurricane Gustav threatens US supplies in the Gulf of Mexico and tensions between the West and Russia mount is also adding some support.
Corn closed 2-3c easier and wheat around 7c lower.
Wheat has closed lower for the last five sessions and early indications are it will extend that losing run to six tonight as global supplies keep increasing.
Early calls for this afternoon's session are for corn futures to open 2 to 3 lower; soybeans 3 to 5 higher; wheat 5 to 8 lower.
Steady crude oil prices as Hurricane Gustav threatens US supplies in the Gulf of Mexico and tensions between the West and Russia mount is also adding some support.
Corn closed 2-3c easier and wheat around 7c lower.
Wheat has closed lower for the last five sessions and early indications are it will extend that losing run to six tonight as global supplies keep increasing.
Early calls for this afternoon's session are for corn futures to open 2 to 3 lower; soybeans 3 to 5 higher; wheat 5 to 8 lower.
