Late News

02/05/12 -- The USDA have just announced the sale of 204,000 MT of new crop soybeans to "unknown" along with 130,000 MT of new crop corn to the same mystery shopper. In addition they've confirmed 30,000 MT of old crop soybean oil sold to China.

Elsewhere, South Korea have bought 123, 000 MT of corn (58 TMT from the US and 65 TMT of optional origin) for November shipment.

My favourite tweet of the day from FCStone in reference to the impending US wheat harvest: "Elevators need to be clearing space soon, because this baby is coming early and it is going to be heavy." Nurse...!!