date:Dec 04, 2012
no rainfall in the near term to help stabilize water levels. Basis bids have firmed south of St. Louis as traders scramble to get ownership of supplies.
The weather forecast for Argentina continues to be too wet which is delaying corn plating. If the slow pace of planting continues, some analysts believe corn acreage may shift over to soybeans.
This could be a positive for corn prices long term as the world market is counting on record supplies out of South America.
January Rice finished u