Exports: Corn extends four-week slide, soybeans dip
The primary destinations were China (753,900 MT), the Netherlands (95,600 MT), Spain (72,100 MT), the United Kingdom (66,000 MT), and Egypt (62,700 MT). NOTE: Accumulated exports were adjusted down for Germany (95,600 MT).
Exports for Own Account: Decreases in exports for own account totaling 100 MT were reported to Canada
Soybean futures also ended mixed on Wednesday as traders were reluctant to take on added risk in the CBOT futures, especially after the Brazilian counterpart to the USDA stated its 2012-13 soybean production forecast at a record high. March beans ended the day 1/4 cent lower at $13.86 1/4 and March meal dipped $1.5 to $409.4/ton, whereas March soyoil advanced 0.03 cents to 49.64 cents/pound. On Thursday traders seemed less positive than did their corn and wheat counterparts. The inability of the nearby March contract to overcome chart resistance associated with its 10-day moving average may also be encouraging speculative sales.
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