date:Dec 11, 2012
ar-to-date are running 220 million bu. behind the pace they should be on to justify USDAs current forecast for 2012/13 exports to hit 1.1 billion bushels, thereby raising questions about demand strength.
This may set the market up for a bearish reaction to USDAs Dec. 11th WASDE update. CBOT March had fallen another 4 1/4 cents to $8.54/bushel in early morning trading, while KCBT March had slipped a penny lower to $9.08 3/4.
News that Russia seems prepared to halt imports of U.S. beef and pork