World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Overnight trade saw more short covering and mostly firmer prices in response to what were seen as unfavorable weather forecasts – no break in the heat until the weekend and limited rain chances. During the day session, grain and soy prices once again traded both sides. The midday weather model added more rain to its outlook for next week, but it limited the coverage to northern and eastern portions of the Corn Belt which would miss some of the driest areas.  By today's close, soybeans and corn had diverged with soybeans closing higher except for the September contract. Corn finished down a few cents. The current weather conditions are seen as less threatening for corn than soybeans. Trading volume was down noticea...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4375/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.0975/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $10.4925/bushel, down $0.03 from yesterday's close.  Jan 26 Soymeal closed at $297.6/short ton, down $0.8...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4375/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.0975/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $10.4925/bushel, down $0.03 from yesterday's close.  Jan 26 Soymeal closed at $297.6/short ton, down $0.8...

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From WPI Consulting

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