AM Comments 04/04/13
Thursday, April 4, 2013, 8:11 amSubmitted by: Dustin Weiner
Good morning!
The corn and soybean futures markets are weaker this morning on little news. The USDA’s weekly export sales report was out at 7:30 this morning, it looks a little disappointing for corn and wheat and maybe a touch friendly for beans.
The outside market are mixed to a touch bearish so far today. The $US is rallying sharply while equities/energies are mixed. The Chinese markets are closed for the rest of the week (celebrating their spring festival) which could keep any news regarding bird flu (or changes in Chinese crush demand) quiet. There are newspapers though that are reporting a fourth person has died from this “H7N9” virus and that bird sales are already down 30%. This will be something to watch closely for folks still holding on to old crop soybeans.
Currently
Corn is 4 to 5 cents lower
Soybeans are 5 to 8 cents lower
5-Day Precip Map
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