World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was another trading session last night and today that beared no resemblance to the previous session. That has been the pattern in recent weeks: strong or weak one day with no follow-through to the following trading session. You could not have known that soybeans were nearly 30 cents higher when markets opened last night. It's like yesterday's buyers simply disappeared or morphed into sellers today.Today's problem for the bulls (at least early in the session) was that the CME decided to declare force majeure because of the Illinois River flooding and basically stopped or delayed the delivery process against the May contracts that is to begin next Tuesday. The CME's reasoning is that you can't load barges on the Illinoi...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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