05-05-2010 08:21 AM
From the floor May 5
Asian grain buyers are said to be reappearing this week, following a holiday break. In northeast China, the corn supply is expected to last until the end of May. Will we see more U.S. export sales yet this week? This is what the market is wondering.
Rust was found on the Kansas Wheat Tour yesterday, some believe the wheat market reacted to the bullish news a bit. Otherwise, the crop looks good and seems to be on-track, tour participants are reporting.
Frost-like weather this week for the upper Midwest states? We're tracking it.
Early calls: Corn, soybeans down 2-4 cents, wheat down 3-5.
Overnight grain=Trading lower.
Crude oil=Trading $1.52 lower.
U.S. Dollar=Trading higher.
Wall Street=Seen opening lower due to ongoing problems with Greece's financial crisis.
More in a minute,