eCBOT Close, Early Call
eCBOT grains futures failed to hold onto early gains closing modestly lower Wednesday on concern that a U.S government plan to invest $250 billion in banks won't be enough to spur economic growth.
Wheat and corn closed around 2c easier, with soybeans down 1-2c. Only soymeal managed to finish in positive territory, closing around $3 higher.
Department of Agriculture data released Tuesday showed wheat inspections were at 22.056 million bushels, at the low end of the trade expectations range of 22-28 million bushels. This is about 10 million below last week's levels.
Oil prices continued their decline after topping the $85 a barrel mark Tuesday December crude fell as low as $77.10/barrel.
Traders awaited the Energy Information Administration's inventory data on Thursday. The report has been pushed back a day this week because of the Columbus Day holiday.
Early calls for this afternoon's CBOT session: corn, soybeans and wheat all called 2 cents lower.
Wheat and corn closed around 2c easier, with soybeans down 1-2c. Only soymeal managed to finish in positive territory, closing around $3 higher.
Department of Agriculture data released Tuesday showed wheat inspections were at 22.056 million bushels, at the low end of the trade expectations range of 22-28 million bushels. This is about 10 million below last week's levels.
Oil prices continued their decline after topping the $85 a barrel mark Tuesday December crude fell as low as $77.10/barrel.
Traders awaited the Energy Information Administration's inventory data on Thursday. The report has been pushed back a day this week because of the Columbus Day holiday.
Early calls for this afternoon's CBOT session: corn, soybeans and wheat all called 2 cents lower.
