World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Corn traded a narrow range today before settling a half-cent to a penny lower. New fundamental news is hard to come by at this point, and today’s weak action was largely the result of bulls running out of steam. General Comments It was a turnaround session in the overnight hours for the grains complex at the CBOT as  corn, Chicago wheat, and soybeans all turned lower. Corn traded a tight range during the evening session and finished down 2¼ cents from yesterday’s close. Similarly, Chicago wheat turned 2¾ cents lower overnight while soybeans came under heavier selling pressure to close 4¾ cents down.The day session was lackluster for corn and wheat with outside news doing little to spark trading. Soybeans, however, traded actively and...

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From WPI Consulting

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