FARM BUSINESS NEWS
DTN Before The Bell Grain Comments
Todd Hultman DTN Grains Analyst
Fri Jul 12, 2013 08:15 AM CDT

Morning CME Globex Update:December corn is trading down 2 1/4 cents, November soybeans are down 3 3/4 cents, and September Chicago wheat is trading up 2 3/4 cents. During the morning break in trading, USDA announced that China bought 960,000 tons of U.S. corn for 2013-2014 so corn is apt to trade higher after 8:30 a.m. September Chicago wheat is modestly higher, still showing a little benefit from USDA's increase in China's wheat demand estimates on Thursday. Overall, grain prices are showing little effect after Thursday's USDA report and are more concerned about any threat of hot and dry weather ...

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