Overnight Grains Markets
Overnight grains are mostly lower this morning on the eCBOT market with soybeans 9-18c lower, corn around 5-7c lower and wheat mixed 4c up to 7c easier.
Increasing shower activity in the western part of the Midwest this week should be favorable to soybeans, Meteorlogix said yesterday.
Meahwhile FCStone said that the US soybean harvest this year will be 3.003 billion bushels compared with 2.973 billion forecast by the government last month.
About 57 percent of US soybeans were rated good or excellent, down from 61 percent a week earlier and up from 56 percent a year ago, the USDA said in last night's crop condition report. About 61 percent of the corn crop got the top ratings, compared with 64 percent a week earlier and 59 percent a year ago, it said.
Increasing shower activity in the western part of the Midwest this week should be favorable to soybeans, Meteorlogix said yesterday.
Meahwhile FCStone said that the US soybean harvest this year will be 3.003 billion bushels compared with 2.973 billion forecast by the government last month.
About 57 percent of US soybeans were rated good or excellent, down from 61 percent a week earlier and up from 56 percent a year ago, the USDA said in last night's crop condition report. About 61 percent of the corn crop got the top ratings, compared with 64 percent a week earlier and 59 percent a year ago, it said.
