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WHEAT— Wheat futures closed mixed. Chicago Sep closed higher following higher corn and soybean prices. KC Sep closed unchanged and off session higher. MLS Sep traded slightly higher but also off session highs. Stogner domestic SRW basis offered support to WU. Talk of lower Europe and Russia 2020 crops has helped support Paris and Black Sea wheat futures. This has…
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Corn Futures— Corn futures in the December contract is currently trading lower by 4 cents at 3.56 breaking a 3-day winning streak after settling last Friday in Chicago at 3.25 up over $0.30 for the week all off of the USDA crop report which stated 92 million acres were planted as that was well below estimates. Fundamentally speaking the 7/10…
Soybean Futures—Soybean futures in the November contract is trading sharply higher this Wednesday afternoon in Chicago up another $0.15 or 1.73% at 8.97 a bushel as prices are right near a 4 month high. The USDA crop report that was released yesterday showed that around 83 million acres were planted as expectations were higher than that number sending prices higher…