AM Comments 02/25/14
Tuesday, February 25, 2014, 8:26 amSubmitted by: Dustin Weiner
Good morning!
When the overnight session paused at 7:45am today, both corn and soybean futures were quiet – trading near steady after being weaker most of the night. At 8am this morning the USDA announced an export sale of 568k MT of 13/14 (old crop) U.S. soybeans to unknown (probably China). This is a little wild considering most are sitting on the edges of their chairs waiting for 8am cancellations to show up not new sales. This could/should support beans on the 8:30am open
Opening Calls
Corn steady to 1c higher
Soybeans steady to 3c higher
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