Unexpectedly, we have plenty to talk about today. Deutche bank announced they are expanding their coverage of agricultural commodities to encompass soybeans and kc wheat. This goes against earlier stories that they are contracting coverage. The latter story was a rehash of the story from october 2009.

The second story involves Brazil and the US concerning ethanol. This is a major shift if its true. An elimination of a 20% import tariff would be a bullish impact on corn.

More to follow as its made available.

MPI

This entry was posted on Tuesday, April 6th, 2010 at 12:15 pm and is filed under Grains. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.