豆子急剧卖出本周

Soybeans were sharply lower overnight posting double-digit losses to start the week. Corn and wheat showed more modest losses of 3 cents ahead of the morning break. In outside markets, equity futures were in negative territory and the US Dollar higher.

USDA announced a 105,000 MT sale of corn to Columbia.

巴西看到一些雨over the weekend but dry conditions later this week and into next week in center west crop areas should help speed along early harvest there. Northeastern Brazil will get rain late this week through much of next week favoring some relief from recent dryness.

Argentina was dry during the weekend, but timely rain will fall later this week through next week. The recent dry spell has depleted topsoil moisture, but rain late this week will be timely and sufficient enough to prevent any long term stress.

On Friday, USDA reported cattle on feed numbers higher than expected with December at 100% of the same month last year vs 99% expected by the trade. More problematic was the 118% placement number vs 108.4% expected. This will likely pressure back months going into today’s cattle open.

同样在星期五，日本农业部从美国和加拿大购买了总招标，总共收购了110,687吨的食品质量小麦，该招标于周五晚些时候结束，这笔交易中有60,000吨交易。

—Kevin McNew