Beans with a bit of a dead cat bounce early in the session but that is waning now at midday.
The lack of positive market reaction to yesterday’s latest record monthly NOPA crush report underscores the theme as of late, where any mildly bullish surprise is meet with selling pressure as the market comes to terms with likely a billion bushel U.S. carryout
Wheat: KWH19 -0.75¢ MWH19 +1.75¢ · Wheat markets mixed to even today.
Spring wheat settled yesterday at $5.62 and has traded both sides since.
Winter wheat settled yesterday at $4.955 and also has traded both sides this session.
Trade is lack luster and a little off with the lack of USDA news.
Thursday will be a messy day in the southern Midwest, southeastern Plains and Delta, with rain and mixed precipitation. Meanwhile, the Far West and Northwest will have widespread rain and snow, with flooding and mudslides a notable threat in California. » More DTN Weather Commentary
On Oct. 29, 2015, the Positive Train Control Enforcement and Implementation Act of 2015 (PTCEI Act) was signed into law and extended the original statutory deadline for full implementation of PTC systems from Dec. 31, 2015, to Dec. 31, 2018.