Market Commentary
Grain markets started out stronger on the heels of good export sales but slowly giving up ground. USDA Weekly Export sales for wheat came in at 12.47 million bushels vs expectations for 11.0 to 22.0 mb. Corn and soybean new crop sales were very strong. US equity markets sharply lower in response to a sour jobs report. Wheat futures 3 to 5 cents lower, corn is down 2, and soybeans 15 cents in the red. Have a great weekend!