WHEAT – Down 10 to 12 cents per bushel.
Improved winter wheat seeding weather in parts of Russia, some rainfall
in dry wheat areas of west Australia, profit-taking and a firm dollar
combine to weigh on wheat futures.
* EU wheat slips, outside markets, weather weigh.
* Cooler temperatures and some rainfall has eased stress on summer
crops in Russia and showers over the next 5 days will help replenish soil
moisture for planting winter wheat in the northern areas. Tuesday’s weather
maps also indicate showers for the southern growing areas.
Improved U.S. corn condition ratings, falling wheat prices and a
setback after a big buildup of fund long positions weigh on corn futures.
Additional weight from seasonal harvest pressure, a firm dollar, lower
crude oil and lower equities markets.
Outlooks for record large U.S. 2010 soy production, spillover from
falling wheat futures, a firm dollar, lower crude oil and lower equities
combine to weigh on soy futures. Additional weight from seasonal harvest