Corn disappoints; soybeans bring better news

Senior Market Strategist John Kennedy covers corn, soybeans and wheat.

Export Inspections showed corn to be very disappointing, while both wheat and soybeans came in larger than expected. Crop Progress showed corn doing well, soybeans look in-line, and spring wheat is behind. Cold weather will take the Midwest for the next ten days. Brazil will be shipping their beans to the US soon, hopefully softening up the currently very firm sentiment in the soybeans cash markets.

 

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