2-7-13 PM Comments
Poor price performance today in all commodities.
Funds have liquidated some positions this week, although there was good
end-user buying on the way down in corn today. Farmer selling very
light.
CZ13 corn closed today at 566, a level not seen
since late June of last year, prior to the big summer price rally.
Reminder of USDA monthly supply/demand report out tomorrow 11am. Demand
cuts are expected in corn exports and possibly ethanol
usage.
Jon Setterdahl
Farmers Cooperative Company
Ames, Iowa, USA
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