eCBOT Close/Early Call
eCBOT grains closed mixed overnight with beans around 4c firmer, corn 3-4c lower and wheat 1-5c easier.
In a choppy session all products traded either side of the market, with currencies swinging around wildly ahead of the news from the Bank of England and European Central Bank.
Falling equities, weaker crude, harvest pressure and a firmer US dollar added downwards pressure to the grains complex.
Soybeans dipped below $9/bushel, before recovering slightly. Corn is now firmly entrenched below $4/bushel, with December closing at $3.87 overnight.
Dire US jobs numbers released yesterday highlighted the economic challenges facing Barack Obama a day after he won the race for the White House.
Fundamentals in the wheat market remained bearish, with large supplies around the globe and U.S. wheat more expensive than exports from competitors in Europe, Russia, Australia and Argentina.
Early calls for this afternoon's CBOT session: Corn futures are expected to open 3 to 5 lower; soybeans 2 to 4 higher; wheat 3 to 5 lower.
In a choppy session all products traded either side of the market, with currencies swinging around wildly ahead of the news from the Bank of England and European Central Bank.
Falling equities, weaker crude, harvest pressure and a firmer US dollar added downwards pressure to the grains complex.
Soybeans dipped below $9/bushel, before recovering slightly. Corn is now firmly entrenched below $4/bushel, with December closing at $3.87 overnight.
Dire US jobs numbers released yesterday highlighted the economic challenges facing Barack Obama a day after he won the race for the White House.
Fundamentals in the wheat market remained bearish, with large supplies around the globe and U.S. wheat more expensive than exports from competitors in Europe, Russia, Australia and Argentina.
Early calls for this afternoon's CBOT session: Corn futures are expected to open 3 to 5 lower; soybeans 2 to 4 higher; wheat 3 to 5 lower.
