Bottomline is: price weakness in all recent volatility of all types of markets is a buying opportunity, and your buying is more even gold if your country is a few on the upgrading rating landscape.
July 14: Corn futures closed mostly lower, weighed on by weakness in wheat. This comes *despite* *strong net combined corn export sales* of 1.68 MMT for the week ended July 7 which came within the range of estimates. Of the sales 481 TMT were for this year and 1.199 MMT were for next year. Shipped were 860 TMT. China took 540 TMT of the new crop and 74.6 TMT of old crop. There were 43 delivery notices *vs. July corn ahead of expiration today*. The senior economist at the UN Food and Agriculture Organization estimates *China will buy 5 MMT to ease domestic inflation* according to Bloomberg. CORN: It started the month out by triggering a sell prior to the rally and formed a major key reversal top last month. That has not changed. The weekly triggered a buy this week but appears to be testing the violation of the up trend that occurred several weeks ago. '+'
