Weekly crop reports from a few key wheat states showed mostly deteriorating conditions in the face of unseasonably warm & dry weather
Grains were weaker overnight with soybeans leading the complex lower. In outside markets, crude oil pushed back from earlier losses following yesterday’s $2 a barrel rally while S&P futures fell off the 2,000 point mark in overnight trade.
Outside markets saw S&P futures getting closer to the psychological 2,000 point
Grains were up in overnight trade after yesterday’s reversal of fortune in the wheat market. Outside markets saw S&P futures getting closer to the psychological 2,000 point market while crude oil held on to slim gains. The US dollar was slightly lower following Thursday’s sharp move lower....[Read More]
In outside markets, S&P futures and crude oil were off slightly while the US dollar continued its bullish move higher
Corn and soybeans were little to unchanged as contracts continue to hover at the lows established in mid-January. Outside markets overnight were slumping their way into the morning break, while wheat came under slight selling pressure.