Corn Breaks Out Technically, Soybeans Sell-Off Even After Strong Export Sales Reported
Jan 31, 2013
Once again soybean export sales beat trade expectations, but beans traded lower on the day. If we look at the numbers a bit closer most of the sales were for the 13/14 crop year and the total for 12/13 was actually a bit light on the week. We still think that soybean sales to date are well ahead of pace to meet USDA expectations. Cody and Logan breakdown this morning's USDA export sales report and look at March Corn technicals.
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