WHEAT – Up 6 to 8 cents per bushel.
Technical bounce after the steep slide on Friday that was triggered by
talk China would raise interest rates over the weekend. Dry weather stress
on portions of the U.S. winter wheat crop and weather concerns in Australia
also supportive.
* Dry weather in the U.S. Plains continues to hamper early growth and
development of the U.S. hard red winter wheat crop, especially in the
western areas.
* Rainfall last week in the U.S. Midwest benefits soft red winter wheat
growth but dryness remains a concern in the eastern portion of the Midwest.
* Wet weather in eastern Australia hampering wheat harvest and dryness
a concern in west Australia.
* Australia wheat quality hit by rain, harvest slows.
CORN – Up 7 to 8 cents per bushel.
Support from news Argentina was in talks with China about exporting
corn to the Asian country in addition to a technical recovery bounce after
the limit-down close on Friday.
Support from news Argentina was in talks with China about exporting
corn to the Asian country in addition to a technical recovery bounce after
the limit-down close on Friday.
SOYBEANS – Up 7 to 8 cents per bushel.
Technical bounce after the limit-down close of soy futures on Friday
due to talk China would raise interest rates over the weekend.
* Deliveries on November 149 contracts. UBS customer issued 118 and ADM
house stopped all of the soy.
* Showers in Brazil boosting crop prospects and there are forecasts for
showers in the drier areas of Argentina.
* U.S. cash soybean basis bids late on Friday steady to higher as
Technical bounce after the limit-down close of soy futures on Friday
due to talk China would raise interest rates over the weekend.
* Deliveries on November 149 contracts. UBS customer issued 118 and ADM
house stopped all of the soy.
* Showers in Brazil boosting crop prospects and there are forecasts for
showers in the drier areas of Argentina.
* U.S. cash soybean basis bids late on Friday steady to higher as