Midday Report 03/10
Grain futures stabilized prior to the WASDE report release. The crop markets continued last week’s late slide Sunday night as the industry squared positions ahead of the monthly USDA WASDE report that came out late this morning. Corn futures firmed just before the report, then lost ground again in response to the data. May corn tumbled 6.0 cents to $4.83/bushel late Monday morning, while December lost 4.75 to $4.80.