The Dollar Index was lower today, and that helped both corn and beans close higher. It was, I suspect, some short covering, but corn managed to close around 4 cents higher. There are still about 3 million acres of corn to plant, and maybe traders are putting a little weather premium into the market. Export sales were not great at 410,100 MT. That is still on pace to hit the USDA export forecast for the year. In fact we are already at 90 percent of the corn export forecast for the entire year.

Soybeans closed around 9-11 cents higher and close to the highs of the daily range. Export sales were at 477,300 MT. Bean export sales are at 104 percent of the USDA forecast for the entire year, That means about 41 million bushel of beans. Remember the marketing year goes until the end of September. Maybe traders are putting in a little weather premium into beans, too. Heavy rains in the central Plains and a wet forecast has traders concerned about soybean planting, too.

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