eCBOT Close, Early Call
The overnight grains all closed a little lower, with beans corn and wheat all down 2-3 cents.
The dollar is flat and crude oil is below USD70/barrel. The market feels a bit better than it did last week after Abu Dhabi stepped in with a USD10 billion loan for Dubai World, and Citigroup says it's going to repay USD20 billion of US government bailout money.
The USDA are today reporting 116,000 MT of US corn sold to unknown. Tonight they will reveal how much corn is still left to be harvested, it was 12% as of last Sunday.
Today sees December contracts disappear off the board for corn, wheat, meal and oil.
NOPA say that the Nov soybean crush was 160.3 million bushels, that's up 5 million from October, and almost 7 million more than what had been expected.
Over 80% of Australia's second highest wheat producing state of NSW is gripped by drought, according to the state government. That's sped the wheat harvest to an early finish, but has also affected production and crop quality.
Indian wheat plantings are in line with last season, but 20% behind the five year average at 21.7 million hectares.
Early calls for this afternoon's CBOT session: corn called 1 to 3 lower; soybeans called 2 to 4 lower; wheat called 1 to 3 lower.
The dollar is flat and crude oil is below USD70/barrel. The market feels a bit better than it did last week after Abu Dhabi stepped in with a USD10 billion loan for Dubai World, and Citigroup says it's going to repay USD20 billion of US government bailout money.
The USDA are today reporting 116,000 MT of US corn sold to unknown. Tonight they will reveal how much corn is still left to be harvested, it was 12% as of last Sunday.
Today sees December contracts disappear off the board for corn, wheat, meal and oil.
NOPA say that the Nov soybean crush was 160.3 million bushels, that's up 5 million from October, and almost 7 million more than what had been expected.
Over 80% of Australia's second highest wheat producing state of NSW is gripped by drought, according to the state government. That's sped the wheat harvest to an early finish, but has also affected production and crop quality.
Indian wheat plantings are in line with last season, but 20% behind the five year average at 21.7 million hectares.
Early calls for this afternoon's CBOT session: corn called 1 to 3 lower; soybeans called 2 to 4 lower; wheat called 1 to 3 lower.
