by Dustin Weiner
of Farmers Co-Op
The corn and soybean markets were both lower last night on very little news. Helping cause the weakness was the updated PMI number out of China – showing the slowest growth (manufacturing) in 7 months. Asian financial markets were of course under pressure after that news.
The USDA Ag Outlook forum starts today, they have released a “flash” look at what they will be talking about (almost in the form of ‘slides’ for a presentation) with the actual numbers being officially updated tomorrow.
Corn steady to down 2 cents
Soybeans steady to down 5 cents