date:Aug 02, 2013
processors as supply coverage dwindles to 2 weeks.
Farmers remain on the sidelines with additional sales given the drop in futures and basis over the last week.
The USDA reported that US private exporters sold 120,000 tonnes to an unknown destination for the 2013/14 marketing year this morning.
Weather leans negative for the market with a cooler temperature trend prevailing and long term forecasts hint at better heat in the last part of August and early September which bodes well for growth