World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Following yesterday's steep losses in every contract except nearby soybeans, the markets generally traded close to the vest overnight and during the first half of this morning. It was also the day of the USDA supply and demand revisions that were released at 12 p.m. ET.Weather remains an important issue, at least in Argentina, and the forecast for that country looked somewhat drier today than it did yesterday. The problem is the forecasts for rain always have been in the extended period (11- to-15 days), but they never seem to happen. The forecasts for some rain across the parched U.S. Southern Plains also turned out to be mostly a non-event with the driest (western) areas getting nothing. Weather also was making news ac...

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