CBOT May Corn Soars on Cash Tightness and Fund Buying; NOPA February Crush Report Bearish; Midday GFS Model adds to Southern Brazilian Rains
CBOT futures are mixed at midday with corn rising strongly on renewed fund buying, heady US weekly export inspections and the difficulty that ethanol producers/exporters are having securing cash corn for replacement. The cash corn market has real strength showing this morning which is relating into old/new crop spreads. Domestic supplies of US corn and…