eCBOT Close/Early Call
eCBOT futures closed higher in the overnight session with soybeans 11-13c firmer and wheat and corn both up around 2-3c.
Crude oil is almost a dollar firmer after China cut interest rates, improving demand outlook.
US crude stocks data is due out later this afternoon.
China continues to support domestic prices by buying corn and soybeans.
US first-time jobless claims fell to 529,000 which was better than expected, however that figure is still substantially higher than 349,000 a year ago.
US durable goods orders posted their largest decline in two years, falling 6.2%.
Early calls for this afternoon's session: Corn futures are expected to open steady to 3 higher; soybeans 5 to 8 higher; wheat 2 to 5 higher.
Crude oil is almost a dollar firmer after China cut interest rates, improving demand outlook.
US crude stocks data is due out later this afternoon.
China continues to support domestic prices by buying corn and soybeans.
US first-time jobless claims fell to 529,000 which was better than expected, however that figure is still substantially higher than 349,000 a year ago.
US durable goods orders posted their largest decline in two years, falling 6.2%.
Early calls for this afternoon's session: Corn futures are expected to open steady to 3 higher; soybeans 5 to 8 higher; wheat 2 to 5 higher.
