CBOT Close
Soybeans
September Soybeans closed at USD10.00, up 1/2 cent; September soybean meal closed at USD299.70, up USD3.30; September soybean oil closed at 39.14, down 34 points. Lower wheat and outside markets weighed. Weekly export sales estimates range from 900 TMT to 1 MMT. Monthly census crush estimates range from 127.5 to 129 million bushels for tomorrow’s report.
Corn
September corn closed at USD4.04 3/4, down 1/2 cent; December corn closed at USD4.20, down 1/2 cent. Weekly export sales for tomorrow's USDA report range from 1 MMT to 1.2 MMT. Weak wheat markets helped weigh on corn despite bullish rhetoric. "Trade below today's lows will transform elevated nervousness into more aggressive liquidation activity," say Farm Assist.
Wheat
Sept CBOT wheat closed at USD6.47 3/4, down 27 cents; Sept KCBT wheat closed at USD6.76 1/4, down 24 1/2 cents; Sept MGEX wheat closed at USD6.90 1/4, down 15 cents. Egypt passing on a US. wheat tender and buying instead wheat from Canada and France weighed. Weekly export sales estimates for tomorrow range from 750 TMT to 900 TMT.
September Soybeans closed at USD10.00, up 1/2 cent; September soybean meal closed at USD299.70, up USD3.30; September soybean oil closed at 39.14, down 34 points. Lower wheat and outside markets weighed. Weekly export sales estimates range from 900 TMT to 1 MMT. Monthly census crush estimates range from 127.5 to 129 million bushels for tomorrow’s report.
Corn
September corn closed at USD4.04 3/4, down 1/2 cent; December corn closed at USD4.20, down 1/2 cent. Weekly export sales for tomorrow's USDA report range from 1 MMT to 1.2 MMT. Weak wheat markets helped weigh on corn despite bullish rhetoric. "Trade below today's lows will transform elevated nervousness into more aggressive liquidation activity," say Farm Assist.
Wheat
Sept CBOT wheat closed at USD6.47 3/4, down 27 cents; Sept KCBT wheat closed at USD6.76 1/4, down 24 1/2 cents; Sept MGEX wheat closed at USD6.90 1/4, down 15 cents. Egypt passing on a US. wheat tender and buying instead wheat from Canada and France weighed. Weekly export sales estimates for tomorrow range from 750 TMT to 900 TMT.
