eCBOT Close/Early Call
eCBOT futures closed mixed, but mostly lower with wheat down 6-10c, corn down 3-5c and soybeans 2-3c higher.
Beans were up as much as 63c early in the session on news that China was said in early trade to place orders for about 5,000 soybean contracts for nearby delivery months.
It has to be a sobering indication of exactly how bad things are when beans can only mange to finish 2-3c firmer on the back of news like that.
Still as one wag put it to me, "what does it matter if China are in the market anyway, if the price goes down they'll simply default and buy it in again at lower money!"
Still, crude was running around $4 lower earlier in the day and has now recovered to trade around $1 easier at $89.25/barrel.
Stocks data from the Energy Dept due out just after Chicago opens at 3.35pm BST could prove interesting & guide the market this afternoon. Mastercard say US Gas consumption fell 9% last week.
Early calls for this afternoon's CBOT session: Corn futures are expected to open steady to 5 lower; soybeans steady to 2 higher; wheat steady to 5 lower.
Beans were up as much as 63c early in the session on news that China was said in early trade to place orders for about 5,000 soybean contracts for nearby delivery months.
It has to be a sobering indication of exactly how bad things are when beans can only mange to finish 2-3c firmer on the back of news like that.
Still as one wag put it to me, "what does it matter if China are in the market anyway, if the price goes down they'll simply default and buy it in again at lower money!"
Still, crude was running around $4 lower earlier in the day and has now recovered to trade around $1 easier at $89.25/barrel.
Stocks data from the Energy Dept due out just after Chicago opens at 3.35pm BST could prove interesting & guide the market this afternoon. Mastercard say US Gas consumption fell 9% last week.
Early calls for this afternoon's CBOT session: Corn futures are expected to open steady to 5 lower; soybeans steady to 2 higher; wheat steady to 5 lower.
