CBOT Closing Comments

Soybeans

May Soybeans closed at USD9.68 ¼, down 8 ¾ cents; May Soybean Meal at USD279.70, down USD5.80; May Soybean Oil at 38.64, up 28 points. South American production keep rising and US plantings are off to a very good start.

Corn

May Corn futures closed at USD3.64 ¾, up 4 ¾ cents; December Corn futures at USD3.89 ¼, up 2 ¼ cents. US seedings are well above schedule, weak crude was also a negative influence, All eyes will be on tomorrow's export sales report, will it confirm more sales to China.

Wheat

May CBOT Wheat closed at USD5.01, up 1 ¼ cents; May KCBT Wheat at USD5.15 ½, up 1 ½ cents; MGEX Wheat at USD5.34 ¼, up 2 ¼ cents. Crop tours in top US wheat producing state of Kansas suggest that yields may not be as promising as first thought, Frost is also in the forecast for this weekend.