AgWeb Radio: Opening Commentary 10-12-11

October 12, 2011 02:54 AM

Andy Shissler of Roach Ag Marketing comments on this morning's report: acres down about half a million, corn at 148 bu./acre, beans lower by 3/10 of a bushel per acre. Carryouts mixed. Feed usage down. China bought both corn and beans/bean oil yesterday.

We are at a price that demand will be picking up. Expecting a mixed trade today, and we will trade a range the rest of the month.

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