Corn and Beans about unchanged today
It was a quiet day today in corn and beans. This morning the USDA announced another corn sale of 141,200 MT to an unknown destination. Traders were impressed yesterday that China is still buying old crop beans. For quite some time beans have been pressured by thoughts that China will be cancelling beans bought from the United States and switch them to South America. Remember Monday is the USDA Report at 11:00 am. Normally the February report is kind of an “in between” report with few adjustments by the USDA. But, you never know, there could be a surprise!