CBOT Closing Comments
Soybeans
July soybeans closed at USD9.52, down 5 3/4 cents; November Soybeans were at USD9.25, up ½ cent; July soybean meal was at USD286.00, down USD1.00; July soybean oil is at 38.05, down 8 points. Soybean export sales were negative for old crop at -136,300 MT, sales of 452,100 MT for delivery in 2010/11 were mainly for China (350,000 MT). Expectations were for sales of 350-550,000 MT.
Corn
July corn settled 1 1/4 cents higher at USD3.57 1/2; December corn ended 1 cent higher at USD3.78 1/4 a bushel. Weekly export sales were 1.09 MMT for 2009/10 delivery, up 21% from the four week average. Net sales for 2010/11 delivery were 136,500 MT. Shipments were 1.073 MMT. Eastern Nebraska, Iowa and southern Michigan show rain amounts from 1.5 to 4.1 inches over the next few days.
Wheat
July CBOT wheat ended at USD4.62 3/4, up 1 1/2 cents; July KCBT wheat is at USD4.95 1/2, up 5 cents; July MGEX Wheat at USD5.38, up 5 3/4 cents. Japan bought 126,500 MT of mostly US wheat in a tender today. HRW areas will get a break from the big rains over the next five days with precipitation light and mostly in the western half of Kansas and the Texas/Oklahoma panhandle.
July soybeans closed at USD9.52, down 5 3/4 cents; November Soybeans were at USD9.25, up ½ cent; July soybean meal was at USD286.00, down USD1.00; July soybean oil is at 38.05, down 8 points. Soybean export sales were negative for old crop at -136,300 MT, sales of 452,100 MT for delivery in 2010/11 were mainly for China (350,000 MT). Expectations were for sales of 350-550,000 MT.
Corn
July corn settled 1 1/4 cents higher at USD3.57 1/2; December corn ended 1 cent higher at USD3.78 1/4 a bushel. Weekly export sales were 1.09 MMT for 2009/10 delivery, up 21% from the four week average. Net sales for 2010/11 delivery were 136,500 MT. Shipments were 1.073 MMT. Eastern Nebraska, Iowa and southern Michigan show rain amounts from 1.5 to 4.1 inches over the next few days.
Wheat
July CBOT wheat ended at USD4.62 3/4, up 1 1/2 cents; July KCBT wheat is at USD4.95 1/2, up 5 cents; July MGEX Wheat at USD5.38, up 5 3/4 cents. Japan bought 126,500 MT of mostly US wheat in a tender today. HRW areas will get a break from the big rains over the next five days with precipitation light and mostly in the western half of Kansas and the Texas/Oklahoma panhandle.