Jockeying for the top two spots on House Speaker John Boehner’s leadership team heated up today as lawmakers returned to Washington after a long weekend in their home districts.
Wheat futures fell, extending the longest slump in almost five months, as speculation mounted that global supplies will be sufficient. Corn declined amid forecasts for beneficial crop weather in the U.S.
Wheat futures dropped to a 10-week low on speculation that beneficial crop weather in the Northern Hemisphere will bolster global supplies. Soybeans fell, while corn gained.
Corn fell, extending the longest slump in three months, and soybeans declined on concern that economic growth in China will slow, reducing demand for livestock feed and food.
Wheat rose in Chicago, capping the biggest weekly gain in a month, on speculation that dry crop conditions will disrupt supplies in the U.S., the largest exporter.
Corn futures fell for a fourth straight session and soybeans dropped for a second day on speculation that a stronger dollar will erode demand for commodities.
What follows are opening calls for U.S. grain and oilseed markets.
"The crops look very good, and that remains the biggest negative factor."
- Jim Gerlach on Jun 27, 2014