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| The drought is widely known. While soybean exports are on target, some fear the Chinese bushels are hedge against the SA situation..corn exports are behind target....there is continued talk of some usa acreage distribution concern.....ocean freight is low....yet not much action....to my knowledge we have never enjoyed a major advance in prices absent a healthy domestic usage factor;;; friday will give us the cattle situation and confirm or not, my suspicions....grain stocks out on March 31....it sure appears the market remains concerned about demand. Corn is only worth the value added through processing or feeding. Supply oriented bull moves are generally short lived. | |
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