3/6/15 Market remained on the defensive today with both grain commodities making a move to the negative side once again to end the week. Corn traded the lowest today with the nearby contract losing 4 ½ cents and backing down 2 for the week while December new crop closed out the day down 3 ¼ pennies and 2 ½ for the week. Corn seemed to be in its own range this week not really much excitement to move it either way. Today funds were sellers of 7,000 contracts as Ukraine is offering considerably much cheaper corn on the world market than what is being offered out of the U.S. Beans traded lower much of the session as low as 8 but were able to stage a comeback towards close but ended up short of green territory. May beans ended down ½ a penny and lost 28 ¼ for the week while the November contract was down just shy of a penny today while losing 20 for the week. Beans were in limbo today not really sure where they wanted to be at in regards to the board. The bulls are cheering on the trucker strike that seems to be in the rear view mirror of last week as the bears continue to play the record crop card coming out of South America with yields at or above expectations. Looking forward Tuesday will bring the March USDA supply and demand report and not a whole lot of excitement with it. Over the last 20 years 50% of the time corn ending stocks has been left unchanged while the other half of the time it has been equally the same increasing or decreasing. Evan
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The weekend will start mostly dry for crop areas with only light precipitation Saturday for the Great Lakes area. Sunday will see rain and snow in the northern Midwest and rain in Texas. » More DTN Weather Commentary
