World Perspectives
feed-grains

AM Outlook - "V" is for Volatility

GOOD MORNING,  Prices were mixed overnight but gradually turned higher led by wheat, as traders seem more pre-occupied by what is going on in outside markets such as energies and stocks than Ags.  Funds hold a slight short in wheat but could be switching to long into the report tomorrow.    Look for further position - evening, as funds may book profits while end-users may seek coverage on market breaks.  Beans and soyoil struggle at the start of the PM session, while grains remain in the green.  Thursday is a huge day with Sep. Quarterly Stocks report, export sales, first notice day for Oct. futures, and end-of month/quarter.  Can you say "V" for volatility?   The demand front is quiet with rum...

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Summary of Futures

May 25 Corn closed at $4.8125/bushel, down $0.0375 from yesterday's close.  May 25 Wheat closed at $5.42/bushel, down $0.055 from yesterday's close.  May 25 Soybeans closed at $10.36/bushel, down $0.0575 from yesterday's close.  May 25 Soymeal closed at $294.2/short ton, down $2...

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