Corn And Soybeans Post Huge Export Sales

Corn performed quite well in the face of disappointing crude oil and wheat pricing. Both old crop and new crop futures posted a range extending higher and lower than the prior and they closed higher. That close was to a new high-close. Though wheat may have a letdown, corn is still concerned about Brazilian corn weather, Ukraine planting next month, US summer weather, fertilizer and others. Today's very strong weekly export sales report certainly helped.

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