AM Comments 06/13/13
Thursday, June 13, 2013, 8:40 amSubmitted by: Dustin Weiner
Good morning!
The markets were mixed to weaker overnight with our soybean complex slipping right in line with Chinese soybean futures which were lower last night on economic concerns in China.
The weekly export sales report was out this morning, new crop bean sales were solid – falling right in the range of guesses while corn sales were poor, both old and new. Nothing for the bulls to chew on here.
Weather… the models are still calling for an “active” pattern over the next two weeks with thunderstorms moving in to the Western belt tomorrow night and leaving the Eastern Belt Sunday. There are chances again early next week and then again next weekend for rains. 6-10 and 11-15 day temps are supposed to be normal to above normal.
Currently
Corn is steady to down 2 cents
Soybeans are down 3 to 7 cents
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