date:May 24, 2013
The market had a barrage of supportive fundamental headlines to trade off of today which helped to spark a double digit move higher for July and December corn.
The USDA announced this morning that US private exporters sold a total of 540,000 tonnes of corn to China and to unknown destinations for the 2013/14 marketing year.
The sales included 360,000 tonnes for China and 180,000 tonnes for an unknown destination. China has been an active buyer as corn prices have moved lower in an effort to re