World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Corn continued to drift lower despite the weekly export number being above expectations. The November (new crop) soybean contract traded both sides of unchanged with little conviction. Wheat traded higher much of the day with 6-9 cent gains until the last minute of trade. General Comments Markets were quietly mixed overnight in light trading volume as they awaited this morning's weekly USDA export sales report and the latest weather forecasts. The weekly export sales totals all exceeded expectations with wheat much above at 800,000 MT. There were no significant changes in the weather outlook. The six-10 and eight-14 day outlooks still look cool with normal chances for precipitation across most of the Corn Belt. There is at least some rain...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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