Weekly grain report

Byron Behne watches the grain markets for the Odessa Union Warehouse.

3/29/12: Apparently the markets weren’t willing to wait for a poor Friday report before breaking lower, as corn and wheat futures both tanked hard. It seems everyone’s pretty sure what the government’s going to have to say, and they weren’t willing to wait for confirmation before selling out. Exporters in Portland tucked tail and ran early, as soft white bids dropped 20 cents right off the bat, even when Chicago futures were only down a dime, then dropped an additional dime in the afternoon. Even if the report is negative, t...