Good morning!
There is only one piece of news to discuss so far this morning, the weekly export sales was released (details at bottom) and it showed strong soybean sales and poor corn sales that were made last week. These soybean sales push the total commitments up above where the USDA has us projected for the entire marketing year (through August). We are now to the point where “shipments” are more valid than “sales” with the thought that China can cancel at any time.
Opening Calls
Corn steady to 1 cent higher
Soybeans 3 to 5 cents higher
Have a great day!
Dustin Weiner
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