World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

It was interesting that corn’s losses were being blamed on a better weather outlook, but that same forecast didn’t push soybeans lower. The soy complex was trading on the positive side almost the entire session, but a development at the close caused soybean and soyoil futures to finish down. General Comments Corn opened 8-9 cents lower in the Sunday evening session and held most of those losses through today. The Sunday forecasts looked cooler but mostly dry over the next six-10 days (see maps below). There is some chatter about another heat wave, currently across the southwestern U.S. and then progressing into the Midwest at some point. Trading volume overnight was big, especially in corn. Wheat was steady to slightly higher overnight wi...

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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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