Slow corn planting may be hampered by continued rain forecast in the corn belt, although Turkey announced a second tender for 150,000 metric tons. Beneficial rain fell on drier areas of the hard red wheat belt, while Germany announced a bumper wheat crop is expected. Soybeans traded higher on rumors the farmers strike in Argentina may resume soon.
The prices:
Corn: May 6.01 1/2, up 6 3/4; Jul 6.13, up 6 3/4; Sep 6.22 3/4, up 6 3/4; Dec 6.30 1/2, up 7.
Soybeans: May 12.92 1/4, up 32 3/4; Jul 13.09, up 32; Aug 13.01 1/4, up 31 1/4; Sep 12.73 1/2, up 31.
Wheat: May 7.95, off 11; Jul 8.07 1/2, off 10 1/2; Sep 8.21 3/4, off 10 1/4; Dec 8.42 1/2, off 10 1/4.
Oats: May 4.05, off 3 1/2; Jul 4.15 1/2, off 4; Sep 4.26 1/2, off 4 1/2; Dec 4.40, off 4 1/2.


