AM Comments 04/30/14
Wednesday, April 30, 2014, 8:04 AM
Submitted by: Dustin Weiner
The corn and soybean markets were lower last night on little news. The 6-10 day weather forecast is starting to show above normal temperatures for the Midwest (mainly the southern belt) which could help get the U.S. Midwest back on the path to planting. The soybean market is feeling a little pressure thanks to fresh rumors of additional Brazilian beans heading to the U.S. I have said this before – these imports are needed and should be expected, but the bears in the market will still use this as a reason to sell.
The outside markets are lower with Crude Oil lower at this time (DN 106 @ 100.22) along with a lower US Dollar (138.68 vs. Euro) and the US stock market is slightly lower (DN 9).
Corn down 3 to 4 cents
Soybeans down 3 to 6 cents
Have a great day!