CHICAGO (Dow Jones)–Traders and analysts said Tuesday’s U.S. Department of
Agriculture ending stocks data was negative for Chicago Board of Trade soybean
and wheat futures.
The data looks supportive for CBOT corn, but bearish outside market
influences may balance out the lower-than-expected domestic corn ending stocks
figures, a CBOT floor source said.
Soybean futures are forecast to begin day session trading 7-10 cents lower,
corn futures are called to open 1-2 cents higher, and wheat futures are
predicted to begin trading 5-7 cents lower.
-By Andrew Johnson Jr., Dow Jones Newswires;