Monday Morning Update

  • Stocks and crude much weaker overnight, Chinese on holiday this week
  • Mexico buys 100k corn this AM
  • Good rains in ARG over the weekend–easing dryness
  • Dollar rebounds, pressuring grains
  • Managed money covers more shorts in latest COT report

Overall, a weaker tone to start the week, but USDA report tomorrow.  No major changes expected, look for light volume today with a lack of newsworthy items.