Soybeans were slightly higher overnight but grains were little changed on uncertain weather conditions. Some parts of the Midwest are pretty dry and have been all week while others are getting ample rain. Parts of Indiana and Ohio will get some leftovers from Tropical Storm Cindy, which should help crops. Soybeans were up 3 cents while corn and wheat were both changed by less than a penny. Export sales for corn were decent but sales for soybeans were down 67% week-over-week, according to the USDA. Yes, that's a weekly decline for those keeping track at home.
Here's what happened overnight:
Brent Crude Oil = up 0.3%.
West Texas Intermediate Crude Oil = up 0.3%.
Dollar = down 0.2%.
Wall Street = U.S. stock futures mixed in pre-market trading.
World Markets = Global stocks lower as pound pares weekly decline.
