CBOT Close
Soybeans
November soybeans closed ended 11 cents lower at USD10.99. ; October soybean meal ended USD1.00 lower at USD307.50 ; October soybean oil settled 49 points lower at 44.44. Fund liquidation was probably the main contributing factor to the price drop. Tomorrow's quarterly stocks report is expected to show soybean stocks at 151 million bushels. Private exporters announced the sale of 165,000 MT of soybeans to China for 2010/11 marketing year.
Corn
December corn ended up 5 cents at USD5.05 per bushel; March corn closed up 4 3/4 cents at USD5.17 1/4. Corn reversed the overnight trend, having traded well below USD5/bu at one point. Tomorrow's quarterly stocks report is expected to show corn stocks at 1.407 billion bushels. Trade estimates range from 1.35 to 1.489 billion bushels. Funds bought an estimated 9,000 contracts on the day.
Wheat
CBOT Dec wheat closed down 1 1/4 cents at USD6.83 1/2 a bushel; KCBT Dec wheat settled up 1 cent at USD$7.17; MGEX Dec wheat fell 3/4 cent to USD7.24. The overnight low on CBOT wheat was 20 1/4c under tonight's close. Tomorrow's quarterly stocks report is expected to show wheat stocks at 2.44 billion bushels. Private exporters announced the sale of 110,000 MT of soft white wheat to Egypt for the 2010/11 marketing year.
November soybeans closed ended 11 cents lower at USD10.99. ; October soybean meal ended USD1.00 lower at USD307.50 ; October soybean oil settled 49 points lower at 44.44. Fund liquidation was probably the main contributing factor to the price drop. Tomorrow's quarterly stocks report is expected to show soybean stocks at 151 million bushels. Private exporters announced the sale of 165,000 MT of soybeans to China for 2010/11 marketing year.
Corn
December corn ended up 5 cents at USD5.05 per bushel; March corn closed up 4 3/4 cents at USD5.17 1/4. Corn reversed the overnight trend, having traded well below USD5/bu at one point. Tomorrow's quarterly stocks report is expected to show corn stocks at 1.407 billion bushels. Trade estimates range from 1.35 to 1.489 billion bushels. Funds bought an estimated 9,000 contracts on the day.
Wheat
CBOT Dec wheat closed down 1 1/4 cents at USD6.83 1/2 a bushel; KCBT Dec wheat settled up 1 cent at USD$7.17; MGEX Dec wheat fell 3/4 cent to USD7.24. The overnight low on CBOT wheat was 20 1/4c under tonight's close. Tomorrow's quarterly stocks report is expected to show wheat stocks at 2.44 billion bushels. Private exporters announced the sale of 110,000 MT of soft white wheat to Egypt for the 2010/11 marketing year.
