Overnight grains mixed
Overnight grains are mixed so far this morning on eCBOT with wheat 3-4c higher, corn 3-4c lower and soybeans around 10c easier.
Wheat is benefitting from the dollars demise in the fallout from US plans to inject up to $1 trillion into the financial system to prevent meltdown.
Corn and beans are weaker on a technically-inspired sell-off following heavy gains the last two sessions.
About 33 percent of US corn was mature as of Sept. 21, down from 76 percent a year earlier and the prior five-year average of 63 percent, the USDA said yesterday in a report. An estimated 44 percent of the soybeans were dropping leaves, a prelude to drying down for harvesting, compared with the prior five-year average of 64 percent, the report said.
Wheat is benefitting from the dollars demise in the fallout from US plans to inject up to $1 trillion into the financial system to prevent meltdown.
Corn and beans are weaker on a technically-inspired sell-off following heavy gains the last two sessions.
About 33 percent of US corn was mature as of Sept. 21, down from 76 percent a year earlier and the prior five-year average of 63 percent, the USDA said yesterday in a report. An estimated 44 percent of the soybeans were dropping leaves, a prelude to drying down for harvesting, compared with the prior five-year average of 64 percent, the report said.
