eCBOT Close, Early Call
The overnight session closed a tad lower with beans down 3-4 cents and wheat and corn mostly a cent or so easier.
The dollar is flat and crude has levelled out after a bit of a mauling earlier in the week.
On the US weather front a Corn Belt frost continues be on the radar screen for Monday, Tuesday and Wednesday of next week across the Northern Plains and Western through Northern Corn Belt regions, according to QT Weather.
Current indications are a crop damaging frost will occur with lowest readings reaching 27-32F in limited areas, mainly in North Dakota and Minnesota and 33-37F across 25% of the nation’s corn and soybeans grown in the following states: the Dakotas, Nebraska, Minnesota, Iowa, Wisconsin, and Michigan with Indiana and Illinois now included for possible light frost Tuesday and Wednesday too, they add.
At the moment the trade seems fairly relaxed about this, a light frost shouldn't do too much damage at this late stage in the development of corn and beans.
On the wheat front Morocco is in for 600,000 MT of US wheat and also Bangladesh bidding for 200,000 MT.
Rain and possibly even heavy rain in US spring wheat areas next week may delay the wrapping up of this year's late harvest.
Dry conditions in some parts of Australia are seen trimming wheat production a little there.
Early calls for this afternoon's CBOT session: corn called steady to 2 lower; beans called 2 to 4 lower; wheat called steady to 2 lower.
The dollar is flat and crude has levelled out after a bit of a mauling earlier in the week.
On the US weather front a Corn Belt frost continues be on the radar screen for Monday, Tuesday and Wednesday of next week across the Northern Plains and Western through Northern Corn Belt regions, according to QT Weather.
Current indications are a crop damaging frost will occur with lowest readings reaching 27-32F in limited areas, mainly in North Dakota and Minnesota and 33-37F across 25% of the nation’s corn and soybeans grown in the following states: the Dakotas, Nebraska, Minnesota, Iowa, Wisconsin, and Michigan with Indiana and Illinois now included for possible light frost Tuesday and Wednesday too, they add.
At the moment the trade seems fairly relaxed about this, a light frost shouldn't do too much damage at this late stage in the development of corn and beans.
On the wheat front Morocco is in for 600,000 MT of US wheat and also Bangladesh bidding for 200,000 MT.
Rain and possibly even heavy rain in US spring wheat areas next week may delay the wrapping up of this year's late harvest.
Dry conditions in some parts of Australia are seen trimming wheat production a little there.
Early calls for this afternoon's CBOT session: corn called steady to 2 lower; beans called 2 to 4 lower; wheat called steady to 2 lower.
