World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The soy complex had a day of very wide trading ranges on good (not big) volume. Corn futures had a 6 cent trading range and closed in the middle, down 3-4 cents. General Comments Markets opened down again Sunday evening. Last week's Commitment of Traders report showed that funds were still holding larger long positions in corn and soybeans than expected. This sent a signal that we still aren't low enough. The weather outlook for the U.S. is also not threatening through the first half of August and probably beyond that. The hard red spring wheat and barley harvests are getting underway across the northern Plains. As anticipated, very early results are quite good. The trade was also expecting corn and soybean ratings to improve in today's c...

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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 $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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