CBOT Closing Comments
Soybeans
May Soybeans closed at USD9.68 ¼, down 8 ¾ cents; May Soybean Meal at USD279.70, down USD5.80; May Soybean Oil at 38.64, up 28 points. South American production keep rising and US plantings are off to a very good start.
Corn
May Corn futures closed at USD3.64 ¾, up 4 ¾ cents; December Corn futures at USD3.89 ¼, up 2 ¼ cents. US seedings are well above schedule, weak crude was also a negative influence, All eyes will be on tomorrow's export sales report, will it confirm more sales to China.
Wheat
May CBOT Wheat closed at USD5.01, up 1 ¼ cents; May KCBT Wheat at USD5.15 ½, up 1 ½ cents; MGEX Wheat at USD5.34 ¼, up 2 ¼ cents. Crop tours in top US wheat producing state of Kansas suggest that yields may not be as promising as first thought, Frost is also in the forecast for this weekend.
May Soybeans closed at USD9.68 ¼, down 8 ¾ cents; May Soybean Meal at USD279.70, down USD5.80; May Soybean Oil at 38.64, up 28 points. South American production keep rising and US plantings are off to a very good start.
Corn
May Corn futures closed at USD3.64 ¾, up 4 ¾ cents; December Corn futures at USD3.89 ¼, up 2 ¼ cents. US seedings are well above schedule, weak crude was also a negative influence, All eyes will be on tomorrow's export sales report, will it confirm more sales to China.
Wheat
May CBOT Wheat closed at USD5.01, up 1 ¼ cents; May KCBT Wheat at USD5.15 ½, up 1 ½ cents; MGEX Wheat at USD5.34 ¼, up 2 ¼ cents. Crop tours in top US wheat producing state of Kansas suggest that yields may not be as promising as first thought, Frost is also in the forecast for this weekend.
