Closing Comments
Lynn Miller
December 29th, 2015
Into the pause Corn -1/2, Beans +10 ½, Spring Wheat +3 ¼ and Winter Wheat +4 ¼. Crude is rebounding from recent lows and the dollar is also stronger. Beans appear to be making a technical driven bounce from oversold this morning. Lack of any new news will keep the market focused on the negatives. An improved South American forecast would be bearish both corn and beans. Argentine farmer selling still expected to ramp up in the coming weeks. Talk of mixed feed grains being imported from Argentina to US hog producers on the SE coast continues. Timid export business continues to overshadow everything. Overnight volume significantly better than yesterday.
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