World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT fell modestly in overnight trading with soybeans and soymeal leading the way. Corn and wheat followed the soy complex lower to losses of a few pennies. The day session saw grains and oilseeds quickly come under pressure and again succumb to moderate losses. Some analysts placed the blame on a poor world economic growth outlook that was suppressing commodity demand (or investor demand for commodity derivatives). Others reported that weaker world wheat prices as harvests advance pressured wheat futures and that spillover selling pushed corn and the soy complex into the red. Long profit taking was notable today as funds still hold a modest long in corn futures. China’s ag ministry reported a 25 percent decline in the nation&rs...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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