Grain and soy futures trade was rather dull with low volume overnight and again during the day session. Prices traded on both sides of Monday’s closes in narrow trading ranges. The result was that wheat closed higher for the fourth day in a row. General Comments Concerns about China’s economy were back again overnight as the Shanghai Index fell 6.4 percent to its lowest level in over a year. This occurred amid signs that the Chinese government and central bank officials are at a loss as to what they should do in terms of further efforts to stimulate the economy. Previous steps have had little success, and there is considerable skepticism that more of the same would produce better results. China’s situation was further clouded by a report...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Equities, North America