Corn Remains Range Bound, USDA Numbers Are Still Being Processed October 16, 2023
Beans finding some strength with bean oil leading the way. It feels the market is still trying to process what USDA gave us last week. With 220 million carryout we should be seeing around a 13.20-13.30 price but demand lags
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SA maps still look solid for rains in the 10 day
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Trade expects strong exports and more 8 AM announcements
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Open interest continues to fall drastically
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
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