Grain TV: Strong Exports, Upcoming WASDE

Grain markets were boosted today by very strong export sales which came in well above expectations in all three markets. This week’s report did not contain sales that might have resulted from the unrest in Ukraine, so trade is expecting another strong report next week. The corn market in particular, however, is showing technical indications of being overbought and with the upcoming USDA WASDE report on Monday it’s likely to see some corrections in tomorrow’s trade.