The USDA report gave it the boost to take the soybean market up in a hurry and the strong worldwide demand for beans. Also, with the inflation talk on the news it is giving the grain market some needed support.
For the week Beans were up 50 cents. Dec corn was up 35 cents. The price ratio for the week's price increase is 1.43 which in my estimation shows quite well for corn. Export for the last couple weeks have been disapointing whereas Beans have been over the mark. Next week we'll see if the Bull can continue to be fed. July corn did make a whopping high of 6.02. The market seemed to be in the defense most of the day (Friday).
