Corn has opened firm after rising to half its lock limit amount overnight, but delays in planting are supplying price support, while the same conditions are contributing to a sell-off in soybeans. The expected delays are apparently increasing the acreage being planting in soybeans, thus contributing to a solid sell-off of the oilseed at the open of the market today (see the soybean chart).Monday, April 28, 2008
Soybean Sell-Off, Corn Solid
Corn has opened firm after rising to half its lock limit amount overnight, but delays in planting are supplying price support, while the same conditions are contributing to a sell-off in soybeans. The expected delays are apparently increasing the acreage being planting in soybeans, thus contributing to a solid sell-off of the oilseed at the open of the market today (see the soybean chart).
