World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Risk on Ahead of Report

THE OPEN Jan beans:  8 3/4 higher Dec meal:  4.80 higher Dec soyoil:  40 higher Dec corn:  3/4 higher Dec wheat:  1/4 lower The markets opened as called with prices staying mostly afloat entering tomorrow's USDA report.  The macro markets continued to exert a positive input for money flows, with a risk-on trade for energies helping to underpin energies and Ags.   At 10:00 export inspections were released as follows: Beans:  2,469,308 mt vs. 2,389,742 week ago (vs. an expected 2.1 mmt) corn: 670,079 mt vs. 740,612 week ago (vs. an expected 875,000 mt) Wheat:  304,239 mt 313,331 mt week ago (vs. an expected 375,000 mt) Export inspections were poor for wheat, which weighed on that ma...

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feed-grains soy-oilseeds wheat

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From WPI Consulting

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