CBOT Early Call
The overnight grains closed with wheat 1-2 cents higher, soybeans up around 2-4 cents and corn flat either side of unchanged.
The dollar is down tad for once, and crude oil a little higher, just managing to hold above USD80/barrel.
The USDA's weekly export sales were a bit better than expected for wheat, in line for corn and below what was anticipated for soybeans. There were "unknown" cancellations for old crop beans and also a Chinese cancellation on new crop too.
The Feb soybean crush was bang on in line with expectations at 153.8 million bushels.
The dockers strike in San Martin port Argentina appears to be ongoing.
We might see a bit of short covering this afternoon ahead of next week's plantings and stocks reports.
Early calls: corn called mixed; soybeans called 2 to 4 higher; wheat called 1 to 3 higher.
The dollar is down tad for once, and crude oil a little higher, just managing to hold above USD80/barrel.
The USDA's weekly export sales were a bit better than expected for wheat, in line for corn and below what was anticipated for soybeans. There were "unknown" cancellations for old crop beans and also a Chinese cancellation on new crop too.
The Feb soybean crush was bang on in line with expectations at 153.8 million bushels.
The dockers strike in San Martin port Argentina appears to be ongoing.
We might see a bit of short covering this afternoon ahead of next week's plantings and stocks reports.
Early calls: corn called mixed; soybeans called 2 to 4 higher; wheat called 1 to 3 higher.
