Market Forecaster: Steer weights indicate production set to swell
Corn closed the week 3 3⁄4 lower. Private exporters reported sales of 130,000 metic tons to an unknown destination and 120,000 metric tons of corn to Mexico. Weekly export sales showed a total of 24.2 million bushels with 23.6 million for the 2016-2017 marketing year. This was above the 7.5 million bushels needed this week to be on pace with USDA’s June demand projection of 2.22 billion.