Fccoop

MARKET COMMENTARY

AM Comments 05/23/14

Friday, May 23, 2014, 8:05 AM
Submitted by: Dustin Weiner


The weather forecasts this morning actually look pretty good – planting should continue and maybe finish up in spots of the northern belt as conditions are near ideal for them to get crops in the ground.  They have seemingly waited all month to plant and this week they are finally getting their window.  There are a few rains in the forecast starting later this weekend into early next week which will be welcomed by most.

 

We are staring at a 3-day weekend with a planting progress report coming out Tuesday afternoon… a “profit-taking” mentality could make today a choppy, two-sided affair.  Prices do feel a little firmer so far this morning, but generally speaking many markets are nervous as we wait to see what unfolds in Ukraine this weekend (they hold their elections on Sunday and there is a general fear of violence).

 

Opening Calls

Corn steady to 2c higher

Soybeans 2 to 4 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

 

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