Prices obtained, or "discovered," through active negotiations between buyers and sellers are considered to be the fairest for both parties, because they provide the highest selling price and the lowest buying price at any particular point in time.
Corn futures turned lower Thursday morning. After exhibiting considerable strength over the past week, corn futures turned lower this morning. That may have reflected long liquidation before the weekend and next Tuesday’s big USDA reports, but traders may also have been reacting to the equity market losses sustained this week, as well as the morning rebound by the U.S. dollar. Both are seen as negative for commodity demand. May corn futures sagged 2.75 cents to $3.9225/bushel late Thursday morning, while December slid 2.5 to $4.155.
Along with the continuing emphasis on getting soybean planted early – in late April to early May – comes the question of soybean maturity rating, and whether early planting benefits fuller- or shorter-season varieties the most.