Eyes on China

Will China step in and continue to buy large amounts of corn and soybeans this week? With harvest over 50% for both corn and soybeans, I expect both export buyers and US end-users to again be active buyers in the cash and futures markets.  With corn trading at $9.60 a bushel, soybeans at over $18 a bushel in China, and the US dollar at 93%, our prices are a good value to the Chinese importers.

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