Today grains in Chicago closed mixed with both May and December Corn fractionally lower. The Soybean complex closed up 8 in the May and down 7 in the November.
Corn, most active feature is new crop corn holding while November Soybeans slip on ideas of increased plantings of soybeans with current wet weather patterns. It seems that forecasts are in general agreement that we will have a few working days over the weekend and chances of rain into early next week. Hard to have much on the table for bulls to feed on. Export demand somewhat picking up, although domestic demand is still getting rationed as ethanol and feed demand both are struggling with poor margins.
Soybeans, really only thing to report is the bull spreading activity. Influenced by tightening old crop supplies and ideas of increased soybean plantings with wet weather and reduced input costs.
Jeff Neisler
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