Floor Talk January 25

[Tony_Dreibus]

Good morning. 

Wheat futures were higher overnight as specualtive investors cut their short positions amid some light demand news. 

At 6:15am:

Early calls:

Corn unchanged to 1 lower, soybeans 1-2 lower, wheat 1-2 higher.

Trackers:

Overnight wheat higher, corn and soybeans little changed.  

Brent Crude Oil = 3.1% lower.

West Texas Intermediate Crude Oil = 3.5% lower.

Dollar = Down slightly.

Wall Street = Stocks lower on declining oil prices.  
World Markets = Global stocks dropping as crude futures decline. 

[Tony_Dreibus]

Commodity Weather Group released an agricultural weather report today, with updates on weather in Argentina, Brazil, Russia and China. Here's what they had to say:

• Overnight Rain Reduces Dryness Concern to ¼ or Less of Arg.
• Mato Grosso Harvest Slows This Week, Increases 6-15 Day
• Snow-Protected Russian Wheat Avoided Cold Air Damage
• China Wheat Warmer This Week After Minor Weekend Winterkill