World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

There was an effort to continue yesterday’s rally overnight. However, enthusiasm faded rather quickly as markets settled into mundane trade with soybeans holding a couple of cents higher and wheat turning down a like amount. That left corn in the middle and about unchanged. The day session continued the limited price movement on declining volume as markets wait upon developments from the Chinese trade negotiations that will resume Wednesday in Washington, DC. KC HRW and MGEX HRS were outliers. KC May fell nearly 12 cents soon after the day trading began, but it was able to recover enough to close only slightly lower. MGEX May fell hard and finished at a new low of $5.4175. With snow still covering much of the Dakotas as well as north...

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Summary of Futures

Dec 24 Corn closed at $4.19/bushel, down $0.075 from yesterday's close. Dec 24 Wheat closed at $5.3025/bushel, down $0.1075 from yesterday's close. Jan 25 Soybeans closed at $9.875/bushel, down $0.2025 from yesterday's close. Dec 24 Soymeal closed at $287/short ton, down $4.6 fro...

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