AM Comments 12/17/12
Monday, December 17, 2012, 7:56 amSubmitted by: Dustin Weiner
Good morning!
Our grain markets were higher last night and are still higher this morning, led by soybeans. Soybeans are receiving most of their strength on follow-through buying from Friday’s trade. Rumors were rampant on Friday that China bought as many as 10 cargoes of U.S. gulf soybeans for Jan/Feb – and they may not be done. This has basis and spreads both rallying.
The outside markets aren’t offering much direction yet this morning – the DOW is called a bit higher while the dollar trades steady, crude oil is a touch higher and gold is a touch lower.
Currently
Corn is steady/mixed
Soybeans are up 6 to 10 cents
Past 3-Day Rainfall:
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