World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trade of grain and soy futures was not quite as frenetic as yesterday. Corn futures then traded in about an 8-cent range today, mostly to the red side of yesterday’s closes. July soybeans traded in a 13-cent range, mostly to the upside, but they still closed indecisively. General Comments Overnight trade of grain and soy futures was not quite as frenetic as yesterday. Nevertheless, soybeans and wheat were firmer on top of yesterday’s gains while the corn market paused. Volume was moderate. Following yesterday’s trade, open interest in corn dropped 13,220 contracts as SRW open interest fell 14,902 contracts, presumably because of fund short covering for the most part. KC HRW open interest declined only 1,697 contracts, and soybea...

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