Overnight grains
There's not a lot to get excited about this morning in the overnight markets. Corn stand around 3-5c lower, beans around 5-6c easier and wheat mixed, mostly around 2c firmer.
Favourable Midwest weather is weighing on corn this morning, whilst beans seem to be lower in a reaction to last night's strong gains, as traders take some profits and square the books ahead of tomorrows USDA report.
Wheat is a tad firmer, although improved weather will speed the US harvest, in again what seems to be an book squaring reaction to last night's weaker close.
South Korea bought 330,000MT Black Sea wheat last night as it's a cheaper alternative to US corn.
Favourable Midwest weather is weighing on corn this morning, whilst beans seem to be lower in a reaction to last night's strong gains, as traders take some profits and square the books ahead of tomorrows USDA report.
Wheat is a tad firmer, although improved weather will speed the US harvest, in again what seems to be an book squaring reaction to last night's weaker close.
South Korea bought 330,000MT Black Sea wheat last night as it's a cheaper alternative to US corn.