Grains opened lower this morning due to weakness in the stock markets. This despite these twitters from Arlan Suderman:
Weekly soybean export sales @ 106.9 million bushels! 18.2 million of that is old-crop that we don't have. We're running out of beans.Corn yields are in record-setting territory, while beans continue to be in short supply.
Weekly corn export sales good once again at more than 45 mln bu; wheat solid at more than 20 mln.
Early call from CBOT floor; corn down 2-4, soybeans down 12-15, wheat down 4-6 cents; weak overnight on headwind from outside mkts.
