date:May 25, 2012
futures traded $0.59 higher at $49.50.
The outside markets are mostly unfavorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.
USDA, in its Weekly Export Sales Report, releases negative corn sales and friendly wheat and soybean numbers Thursday.
For corn, USDA estimates sales of 482,000 mt vs. the trade's expectations of 900,000-1.1 million metric tons.
Soybean sales came in at 953,700 mt vs. the trade's expectation of 700,000-1.1mmt.