date:May 25, 2012
resident of Prime-Ag Consultants Inc., a commodity brokerage based in Brookfield, Wis. I'm a little surprised.
Corn futures came under pressure Thursday morning after weekly export-sales data from the U.S. Department of Agriculture fell far short of analysts' expectations. Export sales in the week through May 17 were 482,000 metric tons, compared to estimates ranging from 900,000 to 2 million tons. The cause of the shortfall wasn't immediately clear.
Favorable weather overall for the U.S. cr