Corn exports plummet 126 percent
On Wednesday the soy complex rose despite the improved weather forecast. Early news of a sizeable bean sale to China probably provided considerable support. The soy complex moved generally lower as well overnight. Forecasts for much more moderate temperatures early next week are very likely weighing upon soy values at this point, since such conditions may do much less damage than was previously feared. September soybeans fell 2.5 cents to $14.305/bushel around dawn Thursday, while November beans sagged 2.75 to $13.70. September soyoil sank 0.13 cents to 44.18 cents/pound, but September soymeal lifted $4.3 to $467.6/ton.