Corn: As of 7:40- 1 higher
Corn traded moderately weaker yesterday as we continue to search for some new news in this market. Weekly ethanol production reported at 824 down slightly from the previous week of 835. Weekly exports sales this morning out at 258,900 tons 12-13 and 13,700 13-14 vs estimates of 150-400 and 504,000 last year.
Soybeans: As of 7:30- 9 higher
Soybeans trading in a 20c range both north and south yesterday before settling slightly higher in the spot month. South American weather looking to give light rains to parts Brazil and little to no rains in Argentina giving them a much needed planting window. Export sales this morning at a large 1.32 m tons 12-13 well above the estimates of 550-900.China taking 1.0 m ton.
Wheat: As of 7:30- Winter 4 higher /Spring 2 lower
Wheat market selling off again yesterday on technical weakness and spillover report data. Funds selling 13,000 Chicago in 3 days. Wheat sales this morning reported at 518,000 tons 12-13 and 54,900 13-14 towards the higher end of estimates of 300-600 and above last years of 318,000.