Overnight prices leaked further and further into the morning on rain in the SouthWest hitting the wheat price and on outside market weakness as crude, equities and the entire like fell whole the USD soared as though it was once again quality paper.
We look for corn to open 6 to 8 lower, beans to open 10 to 12 lower, meal to open 2 to 3 lower and for wheat to open 6 to 8 lower.
Daily CME spot market prices:
Block cheese: $1.7775 (down 0.50 cent)
Barrel cheese: $1.72 (unchanged)
Butter: $1.9025 (unchanged)
Grade A NFDM: $1.490 (unchanged)
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