Grains moved lower exiting the overnight session while the US dollar continues to find strength.
The cash markets saw mostly higher movement this week with prices continuing to stay in a tight range.
Grains continued to move lower with soybeans leading the complex on a 5-cent decline. In outside markets, crude oil also was on a downward trajectory.
Grains were mixed overnight with soybeans trying to erase part of the 30-cent losses in the week. Corn and wheat drifted lower.
Grains continued to sink lower on expectations of huge crops out of South America, while in outside markets equity futures and the USD moved higher.
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Grains were mostly lower led by soybeans which suffered double-digit losses going into the morning break.
The cash markets saw mixed but limited movement this week, keeping price changes in a tight range.
Grains continued to grind lower overnight and the US dollar hit new heights bolting higher by 1.3%.
Grains were lower overnight as equities and crude oil also traded into negative territory going into the morning break.
Grains were listless overnight showing no directional bias in light trade. In outside markets, crude oil pushed higher as did US equity futures and the US dollar.
Grains started Sunday night in positive territory but reversed lower overnight. Crude oil got a shot from expected further cuts in oil, while equity futures were mixed and the US dollar was lower.
The cash markets showed mixed movements this week.
玉米和大豆是坚持小幅上涨going into the morning trade break while wheat drifted lower.
Soybeans were off sharply while wheat made a rare move into positive territory.
USDA announced the sale of 332,000 MT of corn to South Korea and 136,000 MT of soybeans to unknown destinations.
Soybeans continued to climb higher overnight, besting yesterday’s bullish move; corn and wheat were lackluster.
US Corn Price Idx:ZCPAUS.CM
open: 7.1814
high: 7.222
low: 7.1564
close: 7.222
US Soybean Price Idx:ZSPAUS.CM
open: 16.3294
high: 16.3776
low: 16.1085
close: 16.1433
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.7637
high: 9.8972
low: 9.7282
close: 9.8462
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.8308
high: 9.9381
low: 9.783
close: 9.9123
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