Corn up 9, Beans up 23, Wheat up 4
Crude Oil- 101.93 up .48
US Dollar- 79.66 down .44
Dow- 16,421 up 61.71
If you have any remaining treated beans in your trailers, CLEAN THEM OUT before mixing them with anything you plan to take to the elevator. FDA regulations strictly prohibit any treated beans to enter commercial channels. The financial exposure you expose yourself to if you do deliver beans that have been mixed could be severe.
Beans were off with a bang today, up 18 pennies. It doesn’t feel like beans are under any pressure right now most thought there would be a chance it would bump around before it hit $15 we are a ways off but if we keep seeing double digit rallies it won’t take long before were at that $15 mark. Funds bought 5K on the day. Exports this morning were what most expected, 772.7 thousands ton for old crop and 256.7 thousand ton new crop. Argentine bean expectation is expected to be up a bit this year in comparison to last.
Corn also was up 9 today, which makes for a decent rally. Funds bout 11 contracts today, there is a lot of money being put into the markets lately. Exports today came out at 1520 old crop and 164.5 new crop.
Wheat was up 4 pennies today. Funds were small buyers on the day. Exports were out today 556.1old crop, and 44.4 new crop.