Floor Talk September 25
Corn and wheat were lower overnight while soybeans were higher. The grains fell as the USDA's crop progress report showed corn harvest and winter-wheat seeding were both ahead of average for this time of year, while soybeans gained on bargain hunting. Not much has changed fundamentally -- the corn and bean harvest is underway and China still isn't buying many beans from the US. There have, however, been signs of demand for corn, including yesterday's export inspections report that shows assessments of the grain were up week-to-week. Wheat and soybean inspections were lower. In weather news, another storm is expected to roll through eastern Iowa and western Illinois today, and the National Weather Service is predicting strong storms and possibly tornadoes. Get all the details in today's 3 Big Things.
West Texas Intermediate = up 0.5%.
Brent Crude = up 0.9%.
Dollar = down 0.1%.
Wall Street = U.S. stock higher pre-market.
World Markets = Global stocks mixed overnight.