World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Current chart patterns could encourage technical traders to test the wheat, corn and soy contracts for additional price weakness during the remainder of this week. If so, they are presumably creating a short-term buying opportunity, particularly in the soy complex. General Comments Farm Service Agency (FSA) updates were published this morning and had the expected influence on grain prices, which was nothing. There was a bit of an unfortunate mix-up in the initial release of the data, but such events are understandable as this agency is not well practiced in publishing material that is actively utilized by the general public.The greatest price weakness today was displayed by wheat and then corn contracts. Soybean and soymeal contracts also...

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