Overnight Markets
eCBOT is mixed this Friday morning with corn 1-2c easier, and wheat and soybeans slightly into positive territory.
The entire complex fell overnight, with wheat and soybeans down quite sharply on ideas that some beneficial rains will fall in Brazil and Argentina over the next week or so.
The weekend, and Tuesday/Thursday seem to be offering some chances of rain as soybeans enter the pod filling stage in Argentina.
the dollar is quite weak at the moment, with sterling hovering around $1.43, which is underpinning the grains.
Egypt is tendering for wheat: 55-60,000mt US, Canadian, Australian, French or UK wheat, plus a further parcel of Black Sea wheat, both for Feb shipment.
Crude oil is showing little change, around the $42/barrel mark.
Asia is quite, with the Chinese Dalian market still closed for their New Year celebrations. They re-open Monday morning.
Astra Zeneca, the UK’s second largest pharmaceutical company, is to cut 6,000 jobs worldwide and Hitachi is to cut up to 7,000 jobs, as it warned it expects to make an annual loss of 700 billion yen (£5.5bn).
The entire complex fell overnight, with wheat and soybeans down quite sharply on ideas that some beneficial rains will fall in Brazil and Argentina over the next week or so.
The weekend, and Tuesday/Thursday seem to be offering some chances of rain as soybeans enter the pod filling stage in Argentina.
the dollar is quite weak at the moment, with sterling hovering around $1.43, which is underpinning the grains.
Egypt is tendering for wheat: 55-60,000mt US, Canadian, Australian, French or UK wheat, plus a further parcel of Black Sea wheat, both for Feb shipment.
Crude oil is showing little change, around the $42/barrel mark.
Asia is quite, with the Chinese Dalian market still closed for their New Year celebrations. They re-open Monday morning.
Astra Zeneca, the UK’s second largest pharmaceutical company, is to cut 6,000 jobs worldwide and Hitachi is to cut up to 7,000 jobs, as it warned it expects to make an annual loss of 700 billion yen (£5.5bn).
