Feb 2nd Market Update

The current corn market closed up slightly for the week. River open was also slightly improved while new crop remained flat. Higher feed usage and ethanol production are expected in the Thursday report. However, weather conditions in South America are improving.

The current bean market closed slightly lower for the week on the weekend rain forecast for South America. River open was also down slightly while new crop remained flat. An increase in Brazilian production and a decrease in Argentine production is expected in the Thursday report as well.

Posted in Feed & Grain