Corn was flat while soybeans added 4.75 cents yesterday. They both finished well off their highs and a slightly mixed this morning. It was estimated funds bought 20K corn yesterday that caused the bulk of the early rally. Wheat was much higher early in the day as well before falling back. There is some concern with the way corn finished that more weakness is to come so watch yesterday’s 5.66 low in December.
Solid weekly exports for corn and soybeans but you will hear how soybeans are still lagging behind to make it to USDA estimates which is true and we need some robust buying into the end of the year. Looking for early pressure that may last the whole session after the solid gains post report. NFC Grain Comments 11.12.21