Grains Lower Today
I was complaining about the boring grain markets yesterday. I guess you have to be carefull what you wish for! They were not boring today with corn down three or four but beans and wheat were down 14 to 17 cents. Most of the talk was about the great crop in South America, even Argentina and no concern about the cold injuring the winterwheat. As I write this I have not seen any "official" word about China cancelling beans bought from the U.S. and switching them to South America. Traders are certain that will happen, and looking at history it does occur, but no where near the amounts many traders think!