* At midday, corn is +1, soybeans are +2, Chicago wheat is +3, KC wheat is +1, Minneapolis wheat is +4, Jan feeders -2.200, Feb fat cattle -1.250, Feb hogs +.050.
* Grains are looking a lot better than the start of the morning as really all markets do. Corn is a nickel off the low, beans .04 off of low, crude oil has come back and now up .18 after being down almost 2.00 and traded through a 12 year low. The Dow Jones futures are down 180 points, but earlier were down around 440.
* Export sales this morning for corn were below expectations and at 10.0 mln bushels, soybeans were in the middle of expectations and at 23.5 mln bushels and also there another sale announced to China for 9 mln bushels. Wheat export sales were below expectations at 2.8 mln bushels.
* China’s Shanghai Index fell another 7% overnight and was the leading story into why most markets were starting off the day down hard.
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