World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Carving Out Technical Ranges

THE OPEN November beans:  6 higher December meal:  3.50 higher December soyoil:  4 higher December corn:  1 higher December wheat:  1 1/2 lower Prices opened as expected with wheat prices heading lower while beans and meal traded higher on the day. Meal gained on soyoil as more Chinese bean business announcements were made.  Corn held steady against a weaker trending wheat market.  Volumes were relatively light, with most of the markets remaining well bid except for wheat.  Funds were net buyers on the day on the back of still strong technicals, adding back overall length.  Corn sees continued strength as traders assess how aggressive China will be in purchasing US origin. SOY The soy c...

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Illuminating the value of technical research

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