Futures test summer lows ahead of USDA report
According toFarm Futures, after consolidating for three weeks, soybean futures face a key test today when USDA updates its forecast of production supply and demand, November futures came within a tick of summer lows overnight as traders brace for bearish news from the government.
News for corn could be friendlier, if it can move independently of other markets.
To view theFarm Futures Morning Market Reportfor Sept. 12, clickhere.
US Corn Price Idx:ZCPAUS.CM
open: 7.0534
high: 7.0536
low: 7.0522
close: 7.0522
US Soybean Price Idx:ZSPAUS.CM
open: 15.3606
high: 15.3675
low: 15.3604
close: 15.3647
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 8.6183
high: 8.6227
low: 8.6183
close: 8.6218
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 7.8093
high: 7.8093
low: 7.8093
close: 7.8093
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