eCBOT Close/Early Call
eCBOT grains rebounded from earlier losses closing mixed to mostly higher Tuesday.
Monday night's losses were extended in early trade with soybeans hitting fresh ten month lows on the failure of the US House to pass the proposed $700 billion rescue plan.
However later in the session, fundamentals began to come a little more into play than recently, and wheat closed with gains of around 12-14c and corn up 8-10c with soybeans mixed either side of unchanged levels.
Soybeans had been 30c down earlier.
Early calls for this afternoon's session: Corn futures are expected to open 5 to 10 higher; soybeans steady to 2 lower; wheat 12 to 16 higher.
Monday night's losses were extended in early trade with soybeans hitting fresh ten month lows on the failure of the US House to pass the proposed $700 billion rescue plan.
However later in the session, fundamentals began to come a little more into play than recently, and wheat closed with gains of around 12-14c and corn up 8-10c with soybeans mixed either side of unchanged levels.
Soybeans had been 30c down earlier.
Early calls for this afternoon's session: Corn futures are expected to open 5 to 10 higher; soybeans steady to 2 lower; wheat 12 to 16 higher.