World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Yesterday’s firmer market did not have the legs to carry over into the night session. Grain and soybean values turned lower in overnight trade with corn futures down a fraction, soybeans off 1-2 cents and Chicago wheat down about 4 cents. Trading volume was again quite low. The price weakness accelerated during the day session with technical weakness again attracting modest fund selling. The result found all grain and soy complex futures contracts closing with red numbers. Old crop corn futures ended down more than 3 cents with new crop contracts showing slightly smaller losses. Soybeans took heavier losses of 11.5-12.0 cents. Meal closed down $3.70-3.90, while soyoil dropped 22-25 points. Yesterday’s wheat rally had a short li...

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