World Perspectives
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Market Commentary: Weak Energies Weigh on Soy Complex; Wheat Ignores Bearish Technicals

Continued declines in energy markets pressured the CBOT on Friday and reduced fund buying interest. Soyoil futures fell lower and to near trading range support on weaker energy markets and pulled soybeans lower as well. Wheat futures were higher as traders pointed to strong demand as reason to shrug off yesterday’s bearish technical close. The corn market drifted lower under pressure from soybeans in light volume trade. Looking forward, WPI expects range-bound and quiet trade next week with U.S. traders taking time off for the Thanksgiving holiday. December options expire next Friday after the holiday, which will further lower trading volume and interest. WPI remains bullish wheat and corn in particular, but traders may have to wait...

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Good Friday

Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

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