WHEAT – Down 1 to 3 cents per bushel.
Slow exports of U.S. wheat and plentiful global stockpile
of wheat continues to act as an anchor on the wheat market.
Some underlying support due to fact wheat market is loaded wit
short-sellers, leading to occasional bouts of short-covering
rallies.
CORN – Up 1 to 2 cents per bushel.
Strong export sales of U.S. corn, firm cash, slow farmer
selling and talk China may be importing more U.S. corn combine
to lift corn futures. Market on edge and gains limited after
the free-fall of equity markets on Thursday.
Strong export sales of U.S. corn, firm cash, slow farmer
selling and talk China may be importing more U.S. corn combine
to lift corn futures. Market on edge and gains limited after
the free-fall of equity markets on Thursday.
SOYBEANS – Up 1 to 2 cents per bushel.
Short-covering bounce after the steep slide on Thursday
that was led down by plunging equities. Talk China may buy
new-crop soybeans at the current lower prices keeping sellers
away from the soy futures market. Market remains on edge after
the plunge of equity markets on Thursday due to economic fears
in the euro-zone.
Short-covering bounce after the steep slide on Thursday
that was led down by plunging equities. Talk China may buy
new-crop soybeans at the current lower prices keeping sellers
away from the soy futures market. Market remains on edge after
the plunge of equity markets on Thursday due to economic fears
in the euro-zone.