date:Jun 02, 2012
raded $0.59 lower at $48.61.
The outside markets are unfavorable for Friday's grain trade. The real factors driving the calls will be the mostly lower overnight markets and a weaker macroeconomic world that is promoting risk-averse attitudes amongst outside investors.
USDA's Weekly Export Sales Report is friendly for corn and wheat, weak for soybeans Friday. For corn, sales were totaled at 815,100 mt vs. the trade's expectations of 500,00-900,000 mt. USDA estimates soybean sales at 308,400 mt