December Chicago wheat was trading 1 cent lower near 7:00 am CST. Kansas City wheat was slightly lower while Minneapolis saw modest gains. The January Matif Milling wheat contract traded 0.75 Euros higher overnight. Asian equity markets were lower across the board and US stock futures are set to open up weaker. The US dollar is trading modestly higher against the Euro as investors await the release of the US Q3 GDP which will likely set the tone for the markets today. Grains are weaker across the board as energies and metals sink.
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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.