Markets Quiet Friday

It was another quiet day Friday in corn as it closed around a penny lower. Corn had only a 4-cent trading range. There was not a lot news to move the corn market, but it appeared to be supported by good export demand shown in Thursday's report. As we move in to December and January, corn export sales tends to pick up. I sure hope that is true this year, plus we could use a little help from less than ideal weather in South America. Bean planting is behind and if it gets too late it will limit the second crop corn acres.

It was pretty much the same story in beans as they closed 1-2 cents lower. For the week, January beans gained 2-1/2 cents and July was up 4-1/2 cents. Beans had a very good export sales number on Thursday's report and the USDA reported a daily export sales of 4.4 million bushels were sold to an unknown destination. Beans could not get much of any gains going because their was rain in the 5-7 day forecast for Brazil.