CBOT Early Call
The overnight session finished mixed, but mostly lower with beans around 6c easier, corn down 3-4 cents and wheat off a cent or so.
Are we in for another turnaround Tuesday? If so there are few signs of it so far.
The dollar is firmer and crude oil best part of a dollar lower.
The USDA didn't throw up any concerns with last night's reports, corn planting is well advanced at 50% done, and spring wheat likewise at 43% complete. Winter wheat is 69% good/excellent.
The weather in the US is set to be a little less kind in the week ahead, with a shift to cooler and wetter.
There doesn't seem to be a major crop worry on the radar screens anywhere in the world right now. At least not one that is being taken seriously. There could be some question marks over China, but there are still some over the size of last year's crops and those from the year before to be addressed first.
The Russian grain crop may top 100 MMT this season, EU crops are generally looking in pretty fine fettle too, and Australia and Argentina are about to start planting winter wheat.
Early calls for this afternoon's CBOT session: corn called 2 to 4 lower; soybeans called 5 to 7 lower; wheat called 1 to 3 lower.
Are we in for another turnaround Tuesday? If so there are few signs of it so far.
The dollar is firmer and crude oil best part of a dollar lower.
The USDA didn't throw up any concerns with last night's reports, corn planting is well advanced at 50% done, and spring wheat likewise at 43% complete. Winter wheat is 69% good/excellent.
The weather in the US is set to be a little less kind in the week ahead, with a shift to cooler and wetter.
There doesn't seem to be a major crop worry on the radar screens anywhere in the world right now. At least not one that is being taken seriously. There could be some question marks over China, but there are still some over the size of last year's crops and those from the year before to be addressed first.
The Russian grain crop may top 100 MMT this season, EU crops are generally looking in pretty fine fettle too, and Australia and Argentina are about to start planting winter wheat.
Early calls for this afternoon's CBOT session: corn called 2 to 4 lower; soybeans called 5 to 7 lower; wheat called 1 to 3 lower.
