CBOT Corn Futures Falling to Test Contract Lows at $3.22 Basis December; Wheat Rises on Brazilian Demand for US HRW; Midwest Weather adds Rain for IA
CBOT markets are mixed this morning with wheat holding in the green while corn/soybeans sag on favorable Central US weather and rising yield potential. USDA/FAS did not announce any new Chinese purchases of US soybeans – for the 2nd day in a row. It appears that China’s buying has slowed since late last week with…