Tuesday, July 5, 2011

Opening Calls

Corn: Up 10 to 15
Soybeans: Up 10 to 15
Wheat: Up 15 to 20

Corn should open higher, amid more signs that lower prices are encouraging demand.
After USDA Friday announced the sale of 45 million bushels to unknown destinations, possibly China, South Korea is active this morning.

Soybeans should also move higher to start the session, after holding chart support last week. While USDA's estimate of June 1 stocks was greater than expected, old crop supplies remain tight, with no deliveries reported again today against July.

As seen on Farm Futures Daily Email

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