date:Jun 04, 2013
Corn futures traded higher today led by gains in the July contract as old vs. new crop spreads bounce back higher. Delays to planting and the impact on yield continue to underpin the supportive tilt in the market place.
Planting progress is only expected to show minimal improvement next Monday with some suggesting 10% of the total crop may be left unplanted. Export demand continues to be sluggish for the old crop corn market but the new crop year has found interest from China.
Net weekly expor