Nogger's Blog

11/04/12 -- The overnight grains ended with soybeans mixed, corn up 2-3 cents and wheat 5-6 cents higher. Crude is up a bit and the dollar a tad lower.

Fresh news is limited today after yesterday's excitement. Outside markets seem to have stabilised following a bit of a rout yesterday.

Soybeans were lower for much of the morning but the more active months generally managed to post modest gains by the close of the overnight session.

There was a bit of frost about overnight in parts of the Midwest but no crop damage is thought likely to have been done. Now that insurance planting dates are being hit we can expect activity to crank up a notch or two.

I appear to have hit "bloggers block" as I really can't think of anything else to say!

Early calls for this afternoon's CBOT session: corn up 1-3 cents, soybeans flat to up 2 cents, wheat up 4-6 cents.