WHEAT – Down 2 to 3 cents per bushel.
Spillover pressure from Friday’s bearish USDA U.S. wheat
production and ending stocks reports. Also pressure from a firm
dollar and seasonal harvest weight.
* Hot and dry weather in Europe remains a concern while
overall satisfactory crop weather continues in the U.S.
CORN – Down 1/2 to 1 cent per bushel.
Weighed down by satisfactory crop weather in the U.S.
Midwest, lower crude oil a firm dollar and weak equities.
Profit-taking expected after the rally of prices last week.
* Temperatures in the U.S. not seen hot enough to hurt
crops and accompanying rain expected to benefit growth and
development.
Weighed down by satisfactory crop weather in the U.S.
Midwest, lower crude oil a firm dollar and weak equities.
Profit-taking expected after the rally of prices last week.
* Temperatures in the U.S. not seen hot enough to hurt
crops and accompanying rain expected to benefit growth and
development.
SOYBEANS – Down 2 to 3 cents per bushel.
Profit-taking from the surging market late last week and
overall satisfactory U.S. crop weather combine to weigh on
soybean futures. Firm dollar also pressures.
* U.S. cash soybean bids weak at processors in Iowa but
firm at river terminals around Midwest early on Monday.
Profit-taking from the surging market late last week and
overall satisfactory U.S. crop weather combine to weigh on
soybean futures. Firm dollar also pressures.
* U.S. cash soybean bids weak at processors in Iowa but
firm at river terminals around Midwest early on Monday.