Grain Marketing Specialist
Corn: As of 7:45- 1 lower
Corn traded in a relatively tight range both sides yesterday unable to keep up with soybeans. NC corn/bean ratio pushing to over 2.6 overnight leading to continued questions about how many acres could sway to soybeans. Export sales release pushed to tomorrow on the short week.
Soybeans: As of 7:45- 6 lower
Fund activity and continued concern over the Argentine crop kept this market firm yesterday after trading lower through the night session. SA weather will continue to influence this market as a drier short term forecast may give some relief but the 8-14 looking a bit more normal for precip. SH7 traded through 10.75 but was unable to settle above it. Overnight we are a bit weaker but so was yesterday…
Wheat: As of 7:45- steady to 4 lower
Uneventful day yesterday for the wheat complex except for Minneapolis wheat who tried to gain back some of the shellacking from the previous session/ KC/Chi wheat settled mixed to lower. Export sales numbers delayed to tomorrow on the short week. Overnight we appear to be a continuation of yesterday, mixed to lower.