CBOT Close
Soybeans
November soybeans closed at USD10.88 1/2, up 8 1/2 cents; October soybean meal closed at USD306.20, up USD2.70; October soybean oil closed at 42.87, up 45 points. Private exporters announced the sale of another 226,000 MT of soybeans to China bringing China’s total purchases this week to 621,000 MT. Estimates for tomorrow’s export sales range from 550,000 to 750,000 MT. Central Brazil remains too dry for planting to begin in Mato Grosso.
Corn
December corn closed at USD5.05, down 1/4 cent; March corn closed at USD5.18 1/4, up 1/4 cent. Corn yield reports continue to be mixed with some now suggesting well under 160bpa, significantly lower than the USDA's 162.5bpa. Private exporters announced the sale of 120,000 MT of corn to Egypt for 2010/11 delivery. Estimates for tomorrow’s weekly export sales range from 650,000 to 750,000 MT.
Wheat
December CBOT wheat closed at USD7.19 3/4, up 1 3/4 cents; December KCBT wheat closed at USD7.56 1/4, up 6 1/4 cents; December MGEX wheat closed at USD7.64, up 6 1/4 cents. Egypt was in back the market for 220,000 MT of US wheat (French origin was excluded) and Jordan is tendering for 200,000 MT of optional origin and German wheat. Estimates for tomorrow’s weekly export sales range from 450,000 to 650,000 MT.
November soybeans closed at USD10.88 1/2, up 8 1/2 cents; October soybean meal closed at USD306.20, up USD2.70; October soybean oil closed at 42.87, up 45 points. Private exporters announced the sale of another 226,000 MT of soybeans to China bringing China’s total purchases this week to 621,000 MT. Estimates for tomorrow’s export sales range from 550,000 to 750,000 MT. Central Brazil remains too dry for planting to begin in Mato Grosso.
Corn
December corn closed at USD5.05, down 1/4 cent; March corn closed at USD5.18 1/4, up 1/4 cent. Corn yield reports continue to be mixed with some now suggesting well under 160bpa, significantly lower than the USDA's 162.5bpa. Private exporters announced the sale of 120,000 MT of corn to Egypt for 2010/11 delivery. Estimates for tomorrow’s weekly export sales range from 650,000 to 750,000 MT.
Wheat
December CBOT wheat closed at USD7.19 3/4, up 1 3/4 cents; December KCBT wheat closed at USD7.56 1/4, up 6 1/4 cents; December MGEX wheat closed at USD7.64, up 6 1/4 cents. Egypt was in back the market for 220,000 MT of US wheat (French origin was excluded) and Jordan is tendering for 200,000 MT of optional origin and German wheat. Estimates for tomorrow’s weekly export sales range from 450,000 to 650,000 MT.
