date:Sep 06, 2013
Corn futures traded lower for the second day in a row and once again the Sept/Dec edged lower in the early going but managed to find bull spreading support near the tail end of the session.
Traders continue to note that basis is on the defensive in the interior of the US and on the river which is seen as a negative force on the nearby contract but values continue to trade above delivery for the most part.
Soybeans traded sharply lower which offered pressure to peripheral agricultural commodity