Pre-USDA report grain slide continues
US grain and soy futures remain lower as open-outcry session opens, with market participants taking profits and paring risk ahead of USDA reports due tomorrow that will include inventory forecasts for corn, soybeans and wheat.
A slightly wetter Midwest weather forecast also pressures corn and soybeans, though traders aren't yet confident in the chances of rain, and more would still be needed to ease drought concerns. CBOT July corn down 7c at $7.68 1/4 a bushel; July soybeans down 2c at $16.63; July wheat down 6 3/4c at $8.04. (firstname.lastname@example.org)
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(END) Dow Jones Newswires
July 10, 2012 10:46 ET (14:46 GMT)
DJ MARKET TALK: US Grains, Soy Fall on Profit-Taking Before USDA->copyright