The wheat markets are leading to the upside with modest gains in soybeans and corn. Egypt tendered for wheat after the closing bell yesterday which is adding positive sentiment to the grain markets on thoughts the US will do a large portion of the business. Outside markets are supportive with equities set to open up higher, bonds lower, and the US Dollar is a touch weaker against the Euro. The March French Matif contract is up 1.25 Euros per tonne.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.