date:Nov 06, 2012
ely tight trading range in October and consolidation is normally a continuation pattern. Weekly export sales came in at just 167,900 metric tonnes.
Cumulative corn sales stand at 37.4 per cent of the USDA forecast for 2012/2013 (current) marketing year versus a 5 year average of 43.2 per cent.
Average weekly sales over the past four weeks are just 120,300 tonnes as compared with 411,900 tonnes as an average necessary each week to reach the USDA projection.
Talk of the potential for higher