World Perspectives
feed-grains

PM Post - Liquidation then Consolidation

THE OPEN Nov beans:  2 higher Dec meal:  .90 lower Dec soyoil:  50 higher Dec corn:  1 higher  Dec wheat:  2 lower The markets opened as expected but it was downhill again from there as the soy complex turned red and corn made new lows.  Funds continue to liquidate out of length before the report and as harvest resumes.  Buy corn/sell wheat and flip-flopping in oilshare were dominant features of trade.  Into the midday hour, prices turned higher from lower signaling the kick-off to a possible congestion phase into report time. SOY

The soy complex opened higher but turned two-sided as soyoil broke lower on the day from a sharply higher overnight trade.  Soyoil prices whip-sawed arou...

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feed-grains soy-oilseeds wheat

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