Chicago Grains Close - Monday
28/12/15 -- Soycomplex: Beans closed lower, with Jan 16 Soybeans ending at $8.65, down 10 1/4 cents; Mar 16 Soybeans closed at $8.61 1/4, down 11 3/4 cents; Jan 16 Soybean Meal closed at $267.30, down $1.70; Jan 16 Soybean Oil closed at 30.20, down 67 points. Weekly export inspections of 1.403 MMT, were good, down down just 4% from the week before. Heavier rains in the forecast for Mato Grosso were seen as being a bit bearish today.
Corn: The corn market closed around 3 cents easier, with Mar 16 Corn at $3.61, down 3 1/2 cents and May 16 Corn closed at $3.67 3/4, down 3 cents. Weekly export inspections of 570,923 MT were down about 20% from the previous week. Fresh news was lacking and trade was thin, and looks likely to continue that way until next week.
Wheat: The wheat market closed slightly lower. Mar 16 CBOT Wheat closed at $4.66 1/2, down 1 cent; Mar 16 KCBT Wheat closed at $4.66, down 1 1/2 cents; Mar 16 MGEX Wheat closed at $4.91 3/4, down 3 1/4 cents. Weekly export inspections of 305,472 MT were modest, being down nearly 37% from the previous week, although in line with what might be anticipated at this time of year.
