December 19, 2013
The weekly export sales report was out this morning and sales were solid for corn, but soybean sales were a little disappointing, coming out below the estimates. Yesterday was not a good day for the soybean chart, with beans making new highs for the move only to close (sharply) lower at the end of the day. Soybeans have been in a 30-cent range this month, it will be interesting to see if that range holds – or if we fall out the bottom.
Other than that – quiet. The U.S. and China will hold their latest round of trade talks this week, you can expect the recent U.S. corn rejections by China to be on the agenda.
Opening Calls
Corn steady to 2c higher
Soybeans 5 to 8 cents lower
Have a great day!
Dustin Weiner
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