Overnight Grains Higher
Grains markets are firmer on the overnight eCBOT market after China announced an economic stimulus package which may help demand.
China announced the $586 billion plan, which will go toward low-rent housing, infrastructure in rural areas, as well as roads, railways and airports.
At 10.30am GMT soybeans were 24-26c higher, with corn and wheat up around 10-11c.
The dollar is a little weaker and crude oil firmer which is also adding support.
All bets could be off later however when the USDA releases its fourth survey-based production forecasts for corn and soybeans at 13.30GMT today.
China announced the $586 billion plan, which will go toward low-rent housing, infrastructure in rural areas, as well as roads, railways and airports.
At 10.30am GMT soybeans were 24-26c higher, with corn and wheat up around 10-11c.
The dollar is a little weaker and crude oil firmer which is also adding support.
All bets could be off later however when the USDA releases its fourth survey-based production forecasts for corn and soybeans at 13.30GMT today.
