CBOT Close

14/03/11 -- Soybeans: Mar 11 soybeans closed at USD13.29, up 2 1/2 cents; Mar 11 soybean meal closed at USD349.60, up USD3.50; Mar 11 soybean oil closed at 55.27, down 22 points. The market managed to arrest recent steep declines, although only marginally. The Feb NOPA crush data was poor at 124.884 million bushels. Talk out of Brazil suggests that final production may be below 70 MMT as rains keep hindering harvest progress.

Corn: Mar 11 corn closed at USD6.64, up 4 3/4 cents; Dec 11 corn closed at USD5.78, up 1/4 cent. This was corn's first higher close in seven sessions. The The USDA export inspections report came in at 35.213 million bushels, a bit above trade expectations. The trade is still trying to weigh up the implications for Japan - America's largest corn buyer - with regards to their latest problems.

Wheat: Mar 11 CBOT wheat closed at USD7.00 1/2, up 5 1/2 cents; Mar 11 KCBT wheat closed at USD8.15 1/2, down 5 cents; Mar 11 MGEX wheat closed at USD8.53 3/4, up 1/2 cent. MGEX lost ground on Japanese import fears. The USDA reported export inspections this morning of 25.715 million bushels, in line with trade estimates, but below what is needed to meet current USDA estimates for the 2010/11 MY.