date:Nov 20, 2012
psychological support. Traders did not expect a change in the mandate but the news appears to have sparked some short-covering; especially after the market failed to make a downside break-out.
In addition, the EPA indicated that the waiver would only reduce corn prices by about 1 per cent. Weekly export sales for corn came in at 103,900 metric tonnes for the current marketing year and 208,200 for the next marketing year for a total of 312,100.
As of November 8th, cumulative corn sales stand a