Prices are called higher, but exports may produce a lower open in beans. This is one of the few times of the year with no overnight markets. US Stocks are up 80 and crude oil is down 50. A small two sided trade is expected today, with wheat most likely trading higher, bouncing off of Wednesday’s losses. World markets are stable.
Export sales were 65.6 million for corn and 28.2 for soybeans. Corn was right at the 10 week average while soybeans were 50 million bu. below the 10 week average. Rumors of Chinese cancelations that have already been made has the markets on edge the last few days.
Have a Safe Day!