World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The soy complex led the CBOT higher while corn traded a mixed day and wheat continued to post new lows for its current move. Modest short covering occurred in soybeans and corn on Friday afternoon as traders pared bets ahead of what is likely to be a hot/dry weekend for major corn/soybean growing states. Few want to be holding fresh shorts ahead of a possible decline in crop condition ratings next Monday. Macro markets were also supportive as were rumors (but no confirmed sales) of Chinese interest in buying a host of ag products.  U.S. weather patterns are of increasing importance to CBOT grain trade. By early next week, weather models will be able to offer mostly accurate forecasts of conditions for the first week of July – wh...

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Summary of Futures

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