eCBOT Close/Early Call
eCBOT grains closed mixed Tuesday with corn and soybeans around 2 cents firmer and wheat 6-8 cents lower.
Wheat was lower as news began to emerge that a Pakistan tender for 500,000mt wheat due for completion yesterday had been filled by mainly Russian grain.
Although exact details aren't yet available, Pakistan's state trading agency TCP said it had purchased at least 490,000 tonnes of wheat with the origin believed to be Black Sea region, largely Russia.
US wheat exports continue to lag, with the USDA last night reporting export inspections of 9.79m bushels, compared to trade estimates of 12-15m.
Iraq, once a nailed-on US export home, bought 300,000mt wheat in a tender Friday, none of it US. They bought 100,000mt each Canadian, Australian & Romanian wheat at prices ranging from $193.50 to $219 FOB.
Crude oil is showing little change around $40/barrel. Japan is closed for the Emperor's birthday holiday. I wonder if anyone has bought him any new clothes? Woolies have got some special offers on I hear.
A quiet pre-Christmas session is expected today, with early calls: Corn futures are expected to open 1 to 2 higher; soybeans 2 to 3 higher; and wheat 4 to 6 lower.
Wheat was lower as news began to emerge that a Pakistan tender for 500,000mt wheat due for completion yesterday had been filled by mainly Russian grain.
Although exact details aren't yet available, Pakistan's state trading agency TCP said it had purchased at least 490,000 tonnes of wheat with the origin believed to be Black Sea region, largely Russia.
US wheat exports continue to lag, with the USDA last night reporting export inspections of 9.79m bushels, compared to trade estimates of 12-15m.
Iraq, once a nailed-on US export home, bought 300,000mt wheat in a tender Friday, none of it US. They bought 100,000mt each Canadian, Australian & Romanian wheat at prices ranging from $193.50 to $219 FOB.
Crude oil is showing little change around $40/barrel. Japan is closed for the Emperor's birthday holiday. I wonder if anyone has bought him any new clothes? Woolies have got some special offers on I hear.
A quiet pre-Christmas session is expected today, with early calls: Corn futures are expected to open 1 to 2 higher; soybeans 2 to 3 higher; and wheat 4 to 6 lower.
