World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets had strong buying in the Sunday night session following the three-day Easter weekend and USDA’s bullish corn/soybean acreage estimates of last Thursday. The overnight rally then quickly lost steam this morning, partially due to ideas that those USDA acreage estimates were perhaps too small. The other reason was that U.S. markets went from a steady-to-slightly-lower opening to big losses at midday, which became huge (almost 3 percent at one point) on more trade worries. The Dow did recover about 1 percent in the last 30 minutes of trading. Crude oil was also down hard, and the U.S. dollar was slightly weaker. Funds reportedly started the new quarter short 72,000 contracts of Chicago wheat but long 156,000 contracts of corn and...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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