date:Sep 14, 2012
traded 5 cents lower at $17.40 per bushel, and Dec. wheat traded 4 1/4 cents higher at $8.94 3/4. For Dec. soybean meal futures, the contract traded $2.10 per short ton lower at $530.00. Dec. soybean oil futures traded $0.16 higher at $56.64.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.
USDA's Weekly Export Sales appear to be pretty weak Thursday.
For corn, weekly export sales were reported at 215,800 vs