World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Corn struggled under the pressure from the wheat market plus thoughts that the corn crop ratings might improve in today’s weekly report. The trade seems unwilling to consider a yield below the 166-168 range. General Comments Markets were soft overnight and turned even softer when today’s session opened. Wheat was again the loss leader. Better looking forecasts for some of the dry regions of the world coupled with the firm dollar pressured wheat. The potential for a default in Greece was also in the headlines and that had financial markets sharply lower. Crude oil was slightly lower and the dollar was slightly higher. Funds were sellers of everything today, but not in big volume. Corn FUTURES Corn struggled under the pressure from the w...

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