WHEAT – Down 4-7 cents.
* U.S. winter wheat harvest accelerating amid good weather
* Spreading concerns about stripe rust problems in Plains HRW
region noted
* Head scab a concern in SRW wheat areas.
CORN – Down 3-5 cents.
* Pressured by near-ideal weather conditions in the U.S.
Midwest.
* China weekly corn auctions see volume, average price down 3
percent from last week [ID:nTOE65007W]
* Chinese demand for U.S. corn remains key fundamental support
though lack of fresh sales cools enthusiasm.
* Pressured by near-ideal weather conditions in the U.S.
Midwest.
* China weekly corn auctions see volume, average price down 3
percent from last week [ID:nTOE65007W]
* Chinese demand for U.S. corn remains key fundamental support
though lack of fresh sales cools enthusiasm.
SOYBEANS – Down 6-8 cents
* Expected to follow corn, pressured by favorable U.S. weather.
* Traders look to Washington for extension of biodiesel tax
credit.
* Market awaits updated USDA soybean planting estimate; traders
expect 75 percent completion.
* Expected to follow corn, pressured by favorable U.S. weather.
* Traders look to Washington for extension of biodiesel tax
credit.
* Market awaits updated USDA soybean planting estimate; traders
expect 75 percent completion.