Monday, May 6, 2013

DTN Morning Comments on Grains

Drier Forecast Pressures Corn Overnight

   Corn futures are lower, soybeans lower, and wheat lower at 6 a.m. CDT.
By Darin Newsom DTN Senior Analyst
6:00 a.m. CME Globex:   Corn 16 cents lower (July), soybeans 2 cents lower (July), and wheat 10 cents lower (July).
CME Globex Recap:   Corn contracts posted solid double-digit losses on the open of the overnight session, pulling wheat and soybeans lower as well. While corn extended its loss through early Monday morning, the other grains were able to stabilize. Outside markets saw renewed support with both gold and crude oil rallying. DJIA futures indicate US stocks should continue historic rally.

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http://sweetfutures.com/2013/dtn-morning-comments-on-grains-11/ 


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