Corn futures are trading 3 to 6 cents lower at midday on general - TopicsExpress

Corn futures are trading 3 to 6 cents lower at midday on general selling across the commodity markets during the last day of the index fund roll period. This morning, USDA showed We ekly Export Sales for last week were only 149,500 MT. The USDA numbers on Wednesday were deemed bull friendly, but not as friendly as some had expected. You can get any weather forecast you want to pay for, with interpretation tending to depend on whether you are sitting in the rainy area or the drought area. The total effect on corn yield is far from established. Consumption through the ethanol industry continues strong. Gasoline consumption for the year is down 5.3%, but ethanol stocks have also been drawn down to only 16 million barrels

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