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July 7, 2010

CBOT corn, wheat and soy futures mixed
 

CBOT corn, wheat and soy futures were mixed Tuesday (July 6) after the USDA said conditions for major crops are mostly in fair to excellent shape.

Corn futures were off 4 to off 5-¼, soy futures were off 5-¾ to up 1-½ and wheat futures were up 4-½ to up 6-¾.

Corn prices were off slightly as the USDA reported corn, spring wheat and soy crops all, incidentally, at 92% in fair to excellent shape, with variations in how much of each was in fair, good or excellent condition.

Wheat futures rallied as 53% of the winter wheat harvest is reportedly complete. Soy prices were mostly lower with the USDA reporting 13% of the crop was in bloom, behind the five-year average of 20% for this time of year.
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