Unless signs of demand improvement show up in this morning's USDA Weekly Export Sales data, lower overnight follow-through trading is expected to keep the CME Group commodities lower Friday.
March Corn finished down 1 3/4 at 691 1/2, 4 off the high and 2 1/4 up from the low. May Corn closed down 2 at 694 1/2. This was 2 3/4 up from the low and 3 3/4 off the high.
China’s soybean imports are forecast to climb 4.2 percent in the year through September, with U.S. exports to the country little changed from the previous year, researcher Oil World said.
The favourable weather conditions have seen harvest receivals ramp up with deliveries now surpassing three million tonnes, equating to around 35 per cent of the state’s estimated tonnages now received.
Much-anticipated snow this winter will bring many benefits to the struggling wheat crop, said Jim Shroyer, K-State Research and Extension crop production specialist.
The Government of Canada is helping producers and agri-food exporters penetrate new markets by increasing the visibility of Canadian premium products internationally.
The Harper government is helping grain farmers continue to grow their businesses with the help of sustainable, innovative, and modern systems and solutions.
