Grain TV: Corn Exports Ramp Up with Reduced Prices
While grains continue to sell off corn has seen a sharp ramp up in export demand. If that demand continues it should help to find a bottom for the market. Based on historical data and current expectations it is likely for heavy downside potential to remain in soybeans.
The bulls were again winners in an exciting week for longs and producers. In last week’s report, I said the markets bias would be near unchanged to a bit lower.