AM Comments 03/21/13
Thursday, March 21, 2013, 8:40 amSubmitted by: Dustin Weiner
Good morning!
Our markets are mixed – with corn taking a few profits and trading lower while soybeans are continuing to bounce a little higher. Soybean futures are rallying on rumors that there are soybean purchases are getting switched from South America to the US. Still just a rumor, and it probably isn’t a lot of volume, but it is a friendly input.
The weekly export sales report was out this morning and it was disappointing for both corn and soybeans. The weather forecast is still supportive to corn – cold temps are forecasted for the next two weeks for the Midwest, Delta and Southeast parts of the United States.
Currently
Corn is down 4 to 5 cents
Soybeans are 5 to 6 cents higher
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