Overnight Grains Tumble
Overnight grains on the eCBOT market are lower this morning, as stocks and crude fail to hold onto yesterday's gains.
Soybeans are 15-20c easier, with wheat and corn both around 3-4c lower.
Monday's long-awaited USDA crop production figures have already been consigned to the history folder.
US winter wheat conditions showed a 1 point improvement in the good/excellent category to 68% G/E after the close. The report also showed the corn harvest at 71% done, up from 55% last week, but still lagging behind the five-year average of 88%. Conversely, the bean harvest has caught up with average, at 93% done.
Soybeans are 15-20c easier, with wheat and corn both around 3-4c lower.
Monday's long-awaited USDA crop production figures have already been consigned to the history folder.
US winter wheat conditions showed a 1 point improvement in the good/excellent category to 68% G/E after the close. The report also showed the corn harvest at 71% done, up from 55% last week, but still lagging behind the five-year average of 88%. Conversely, the bean harvest has caught up with average, at 93% done.
