Thursday exports soft in corn, expected in beans, solid rice and wheat. Corn chopped around but settled off a penny, 550 3/4. That was in the face of 725 1/4 wheat, which was 14 higher. Beans slipped 6 1/2 to 1326 1/4 with meal still bid but the bio component of oil losing ground, and possibly losing EPA backing at the current levels. This could also be a huge deal in the negative to corn moving forward. Rice slips 4 1/2 to 1331 as we approach first intentions Monday. Dow off 200 in front of Powell speak on Friday, but really just a back and fill for the churn machine to me. 35,160. Bonds up 4 tics, 164.02.
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