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 ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,