eCBOT Close/Early Call
March soybeans finished the overnight eCBOT session 9 3/4 cents lower at $9.70 1/4, May corn was down 7 1/2 cents at $3.82 3/4 and March wheat fell 5 cents to $5.63.
Futures are seen starting the new trading month lower amidst a dearth of fresh news. Crude is a bit lower, and the dollar somewhat firmer which adds a bit of a negative tone.
Argentina got some rain over the weekend, with a bit more in the forecast for the week ahead. Looking at some of the videos posted on here recently a foot of rain or more is needed to make any difference not an inch or so.
There is also the possibility of strike action by Argentine farmers in the next week or two, disrupting world supplies.
Egypt bought French and US wheat late Friday. Pakistan are sniffing for up to 500,000mt wheat this week.
For this afternoon's session soybeans are called 10 cents to 12 cents lower, with corn and wheat 4-6 cents easier.
Futures are seen starting the new trading month lower amidst a dearth of fresh news. Crude is a bit lower, and the dollar somewhat firmer which adds a bit of a negative tone.
Argentina got some rain over the weekend, with a bit more in the forecast for the week ahead. Looking at some of the videos posted on here recently a foot of rain or more is needed to make any difference not an inch or so.
There is also the possibility of strike action by Argentine farmers in the next week or two, disrupting world supplies.
Egypt bought French and US wheat late Friday. Pakistan are sniffing for up to 500,000mt wheat this week.
For this afternoon's session soybeans are called 10 cents to 12 cents lower, with corn and wheat 4-6 cents easier.
