Friday, 2 August 2013
Chicago Mostly Lower Despite Strong Exports
Posted on 01:34 by Unknown
01/08/13 -- Soycomplex: Weekly export sales of 78,500 MT of old crop and 1,030,900 MT of new crop - primarily for China (558,000 MT) and unknown destinations (302,000 MT) - easily beat trade forecasts for net sales of 450-600 TMT. The market ignored that, closing sharply lower, with new crop Nov 13 at a more than one year sub-USD12/bu low. A strong US dollar, linked to ideas that the Fed isn't as
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