World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The theme of risk reduction was established early during the overnight session, and it dominated the market as the day session opened. Several factors led to substantial noncommercial long liquidation in the corn market. General Comments Overnight trade was active with good volume. Prices were mixed early but tilted lower as the session progressed, especially after European businesses opened. The theme of risk reduction was established early during the overnight session, and it dominated the market as the day session opened. Many traders expected USDA to lower its weekly crop condition rating for corn yesterday following a few days of hot, dry weather, but it was instead left unchanged. That plus some unexpected rainfall in the southweste...

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From WPI Consulting

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