World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments A private crop production forecast released after the close yesterday pegged the U.S. corn crop at 13.993 billion bushels and the U.S. soybean crop at 3.309 billion bushels. The corn estimate was close to the July USDA estimate but the soybean number was 111 million bushels below the USDA. This prompted an overnight rally that culminated in the first couple of hours of trade this morning that pushed November soybeans 15-16 cents higher. It was downhill after that as the market talk again turned to weather and it was raining across some portions of the western Corn Belt.There was little other market making news today. There were no USDA export sales announcements. Weather forecasts look the same, cool and damp in the ea...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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