Futures were lower after the Brazilian government delayed announcement of its price support measures on Monday afternoon. Many who had covered positions in anticipation of the market returned to the sell side.
Futures moved lower. Growing conditions remain generally very good. Temperatures are warmer again in Texas, but some very beneficial precipitation has been seen in the last couple of weeks and production ideas are generally high.
International Business Machines Corp., the largest computer-services company, raised its annual forecast after second-quarter earnings topped analysts’ estimates, lifted by cost cuts and share buybacks.