Floor Talk July 28
Corn and beans were little changed overnight as investors are on the sidelines heading into the weekend while wheat got a bid after the Wheat Quality Council's spring wheat tour pegged yields at a six-year low. Corn was down less than a penny, beans lost 1 cent and wheat was up 2-3 cents overnight. The spring wheat tour said spring wheat yields in North Dakota would likely come in around 38 bushels an acre, down from 46 bushels last year and the lowest since 2011 after hot, dry weather hurt much of the crop, some of which has already been cut. In other news, old-crop corn and bean sales were miserable, though new-crop sales were decent. Get all the details in today's 3 Big Things at http://www.agriculture.com/news/three-big-things/3-big-things-today-july-28
Here's what happened overnight:
Brent Crude Oil = up 0.1%
West Texas Intermediate = up 0.2%
Dollar = down 0.2%.
Wall Street = U.S. stock futures lower in pre-market trading.
World Markets = Global stocks mixed as automaker push lower.