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Buxton ND | What we have seen Friday and Tuesday is commercial buying covering export sales with a little short covering. Lots of rolling out of the forward months also
120 mmt to UN-known Tuesday morning.
243 mmt to Mexico this morning I fully expect more sales announced in the morning.
These will not show up on Friday report they will the next week.
We HAVE become competitive in the world market on corn to some counties, and need more then just Mexico. Mexico is year in year out our best customer for corn (barring 2012 crop)
ZE - ethanol futures are living in La-La Land watching corn and not oil or ERB IMO
E plants UN-Happy Campers.
EIA report will be watched closely Thursday, delay one day this includes the CFTC report.
DOW wild, personally I would put a dime in the stock market. There way to much going on around the world
Bond market continues to say NO rate hike.
Winter weather coming to the east coast, lots of snow means COLD :o) | |
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October 2014 low
