Fccoop

MARKET COMMENTARY

AM Comments 06/11/14

Wednesday, June 11, 2014, 8:06 AM
Submitted by: Dustin Weiner


The grain markets are mixed this morning and the trade is quietly, patiently waiting for the monthly S&D to be released at 11:00AM (trade estimates for the ending stocks portion of this report are at the bottom of these comments).  Generally speaking this shouldn’t be too big of a deal, because a) it’s a little early to start messing with harvest 14 production numbers - they’d rather wait until after the June 30th final planted acreage numbers are released and b) the Quarterly Stocks Report is also out June 30th which will give us a much clearer idea on old crop supplies.  So… don’t be surprised if 15 minutes after this report is released the market goes back to trading weather and FYI – general weather conditions are not bullish...

 

Opening Calls

Corn steady to 1c higher

Soybeans 1 to 3c lower

 

Have a great day!

 

@fccoopgrain

 

 

 

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