eCBOT Close/Early Call
eCBOT futures closed mostly lower with soybeans leading the way after FC Stone lsst night pegged the 2008 US soy crop higher than the USDA's August estimate at 3.003 billion bushels.
Increasing shower activity in the western part of the Midwest this week should be favourable to soybeans.
eCBOT soybeans closed with old crop Sept 9c weaker reflecting stocks tightness. Further forward new crop months were down 18-25 cents. Corn closed around 8c lower and wheat mixed in light volume trade 4c higher to 8c lower.
Early calls for this afternoons CBOT session: Corn futures are expected to open 8 lower; soybeans 20 to 25 lower; wheat 3 to 5 lower.
Increasing shower activity in the western part of the Midwest this week should be favourable to soybeans.
eCBOT soybeans closed with old crop Sept 9c weaker reflecting stocks tightness. Further forward new crop months were down 18-25 cents. Corn closed around 8c lower and wheat mixed in light volume trade 4c higher to 8c lower.
Early calls for this afternoons CBOT session: Corn futures are expected to open 8 lower; soybeans 20 to 25 lower; wheat 3 to 5 lower.