6-11-14 PM Comments
Wednesday, June 11, 2014, 3:06 PM
Submitted by: Jon Setterdahl
More of the same today. Monthly USDA supply/demand report did not provide anything bullish to the market, so short-term we are back trading weather forecasts and crop ratings….which are both good for production, not so much for prices. Everything closed in the red, with dec corn approaching new contract lows. Have to kick the can down the road a bit to the June30 quarterly stocks/acreage report for the next new input, unless weather changes between now and then. Weekly export sales will be out tomorrow morning. Calls for trade tonight are steady.