CBOT Early Call

The overnight grains closed mostly steady, with beans around 5-6c firmer, corn up 3-4c and wheat just 1 1/4c up on soon to expire September, but as much as 12c higher on Dec.

Crude is higher and the dollar weaker, adding strength to the grains.

There is very little in the way of fresh news.

Corn is supported on spillover from Friday's USDA report, whilst the hike in soybean yields and production already seems to be forgotten.

Bullish trade data out of China is supporting commodities in general today.

Conditions in Russia and parts of the FSU are still to dry, with only 30% of the planned winter grain area ready for sowing, according to the Russian Weather Service.

Winter wheat harvesting in Saskatchewan in 70% complete, with wet and cold weather hampering progress.

Abare will report on Australian crop production tomorrow. The USDA will report on corn and soybean harvest progress and condition ratings after the close tonight.

Early calls on this afternoon's CBOT session: wheat up 10-12c, corn up 2-4c, beans 4-6c higher.