date:Jan 21, 2013
US dollar, fund buying, and firming inverse futures spreads were supportive. Corn exports are considered bearish with USDA putting corn-inspected-for-export at 9.239 mb vs. estimates for 8-15 mb. This was well below the 20.2 mb needed this week to stay on pace with USDAs revised export demand projections of 920 mb. Please see chart:
The cash price for corn continues to rise on spillover strength from Fridays USDA World Agriculture Demand Supply Estimates (WASDE) report. On Monday the natio