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Coffee Cup Comments (Market Commentary)

Coffee Cup Comments


Follow through higher trade this morning led by strong export inspections report yesterday.  Both corn and soybeans had a marketing year high for inspections, a good sign that the gulf is back online. Corn buyers were Mexico, China, and Japan.  The soybean business was mostly China.  Corn harvest was reported at 52% completed and soybean harvest 60% completed.  The eastern corn belt is a little further behind than the western belt due to the recent wet weather.  IL was at 62% complete on corn harvest and 51% complete on soybeans.  The grain market will be watching the energies, export news and harvest weather for direction today.

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