World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Trading during the overnight session turned much quieter in terms of price action and volume versus Sunday night and Monday. Prices traded both sides of yesterday’s closes, but they seldom strayed more than 2 cents. Today is the Fat Tuesday Carnival celebration in Brazil and throughout South America. However, the holiday did not dampen the debate as to how much potential soybean and corn production is being lost in Argentina because of the drought that does not appear to have an end. The day session was more active with soymeal again leading soybeans upward. New highs for the move were set by the March contracts of soymeal, soybeans and corn, which reached $371.60 (up $11.80), $10.135 (up 11.75 cents), and $3.685 up 1.5 cents), respe...

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