Export Sales of Corn Reported, But Soybeans Lead to the Upside
Mar 13, 2012
At the time of this post we see May soybeans trading above 1350, up 17 cents to 1351 1/2. Export sales of corn to unknown destinations were reported this morning by FAS, but front month corn is taking the news in stride down 1 1/4. This may be a situation of buy the rumor sell the fact after trade chatters of China purchasing up to 800,000 MT of old crop corn was in the market late last week. This morning Logan and Brock discuss yesterday's crop progress report and look at some soybean technicals. Tune in for the full report!
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.