Grains continue to see pressure from the outside markets as South American weather forecast continue to show improvements. For the day soybeans lost 12 cents on the front month and corn lost 2 3/4 cents. Corn was the strongest performer in the grain complex on Thursday with export sales coming in at 43.6 million bushels, which represents double the amount needed for this week to keep pace with the USDA's projection of 1.75 billion bushels. Soybean export sales came in at 19.3 million bushels which was a decline from last week but on pace to meet the USDA's 1.1 billion bushel projection. The next two export reports for soybeans are expected to fall even father as China is celebrating their New Year.
Chris Spurlock
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