date:Nov 20, 2012
ons.
Cumulative meal sales stand at 59.2 per cent of the USDA forecast for 2012/2013 (current) marketing year versus a 5 year average of 38.7 per cent. Sales of 59,000 metric tonnes are needed each week to reach the USDA forecast. Oil sales came in at 21,000 metric tonnes.
Sales of 4,600 tonnes are needed each week to reach the USDA forecast.
The market saw solid gains off of the early lows as corn prices pushed higher on the day, wheat recovered from the lows and the stock market managed