Fccoop

MARKET COMMENTARY

AM Comments 05/30/14

Friday, May 30, 2014, 8:05 AM
Submitted by: Dustin Weiner


The weekly export sales report was out this morning (delayed a day due to the holiday) and it looks supportive for both corn and soybeans.  Let’s not get carried away though, it wasn’t that wild -- both those markets were trading a shade lower before the report was released (7:30am) and now they are a bit higher.  So not a lot of action yet today.  Overall the markets seem quiet/stagnant as they wait for direction. 

 

Weather forecasts don’t look much different – “active” is the word I am seeing used to describe the nearby forecast with chances for heavy rains (up to 3” ) across the corn belt over the next 10 days.

 

Opening Calls

Corn steady to 1c higher

Soybeans 1c lower to 1c higher

 

Have a great day!

 

@fccoopgrain

 

 

 

 

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