Corn closed mostly unchanged across the board amid pressure from a large crop expectations and some mild short covering of traders. Prices had been lower for much of the session, but finished unchanged as mid day weather forecast put cooler temperatures back into the forecast. FC Stones higher yield estimate out yesterday at 162.7 bu/ac on corn helped to keep the market at bay today.
Much of the same story on the bean market today as well, as the talk of a large crop has seen a modest sell off this week in beans. Old bean stocks continue to remain tight though as processors struggle to find beans, amid a very thin supply.
Chris Spurlock
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