CBOT Revised Call
Allendale are saying: Corn 1-3 higher, Beans 5-7 lower, Wheat 2-3 lower.
It's looking like the consensus is bearish beans, slightly bearish wheat and slightly friendly for corn.
Note however that soyoil sales have been very strong of late with China booking another 60,000 MT yesterday. Today's weekly export sales from the USDA were 138,200 MT for soyoil, well above expectations of 40-50,000 MT.
That might lend some support to beans tonight, making meal the weakest leg of the three.
It's looking like the consensus is bearish beans, slightly bearish wheat and slightly friendly for corn.
Note however that soyoil sales have been very strong of late with China booking another 60,000 MT yesterday. Today's weekly export sales from the USDA were 138,200 MT for soyoil, well above expectations of 40-50,000 MT.
That might lend some support to beans tonight, making meal the weakest leg of the three.
