Nothing new today as markets are once again under pressure from riots in Greece and Spain over EU austerity measures. With the report out tomorrow and world economic worries nobody is willing to take a side in commodities and we may not have a direction in the markets until after the report. Yesterday’s export sales had corn at 400 mt (4 train cars) the lowest since 1996. Soybeans on the other hand are at unsustainable levels coming in at a staggering 29.4 mln bu. Harvest is projected to be 50% complete with delays in the southern Midwest for some welcome rains.
South American weather continues to look positive with moisture allowing planting to progress without any hang ups.
Corn down 9
Soybeans down 8
http://www.fccoop.com/markets/information.cfm
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