AgWeb Radio: Opening Commentary 10-5-11

October 5, 2011 03:50 AM

Greg Milkovich of Roach Ag Marketing says the market was doing some short covering overnight and corn is trading up 10, beans up 10-12 and wheat up 10. The U.S. Grain Council lowered China's corn production estimate by 11 million tons, which will increase its import need. Looks like the trade will begin to trade fundamentals. Expect higher prices today.

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