Overnight markets mixed
Overnight eCBOT grains markets are mixed Friday morning as traders square positions ahead of the long weekend.
With Hurricane Gustav expected to hit land sometime over the holiday and tensions between Russia and the West mounting its not surprising that traders want to reduce their exposure over what could be a critical weekend.
Soybeans are around 4-5c firmer on ideas that a mid-autumn festival next month in China may boost demand.
Corn is 1-4c easier and wheat extending recent losses around 3c lower.
With Hurricane Gustav expected to hit land sometime over the holiday and tensions between Russia and the West mounting its not surprising that traders want to reduce their exposure over what could be a critical weekend.
Soybeans are around 4-5c firmer on ideas that a mid-autumn festival next month in China may boost demand.
Corn is 1-4c easier and wheat extending recent losses around 3c lower.
