Fccoop

MARKET COMMENTARY

AM Comments 06/03/14

Tuesday, June 3, 2014, 8:06 AM
Submitted by: Dustin Weiner


Corn and bean futures are all weaker this morning after yesterday afternoon’s crop conditions report confirmed to us that this corn crop is indeed off to a great start.   You combine that with a forecast that looks non-threatening and it’s no surprise that prices are struggling to hold in here.  I stuck a couple of maps down at the bottom of these comments that show both the 1-month and 3-month temperature outlooks for the U.S..  The big thing there is the lack of high heat…  These types of predictions will be watched closely as eyes start to turn towards the pollination window. 

 

Opening Calls

Corn down 3 to 4 cents

Soybeans down 6 to 8 cents

 

Have a great day!

 

@fccoopgrain

 

 

 

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