PEI GEC Update

Slow but firming trade is seen at midday with beans reaching a new high for the move and corn within a penny of the 4 month highs. Markets are taking a breath today to figure out their positions.Small rains in may also be a factor.It is still a weather market in Febuary. There is lots of uncertainty on the nearby weather , but there are lots of Soybeans in storage to offset most of the declines in yield. Bottom line the market can shift anytime.

Soybean started the day down ,but are up 4 cents / bu at this time. The Can $ is 79.165

New crop soybean contracts are at $ 412 / mt Fob The GEC elevators

Spot Old crop is at $ 405 / mt fob the GEC elevators

Price is subject to confirmation at time of call.