Fccoop

MARKET COMMENTARY

6-12-14 PM Comments

Thursday, June 12, 2014, 4:06 PM
Submitted by: Jon Setterdahl


Funds sold over 9,000 contracts of soybeans today and bought 6,000 contracts of corn, thus beans were sharply lower and corn slightly higher.  Corn also helped by surging cattle and crude oil prices.  Corn rally potential will be capped somewhat by good weather.  Weekly crop ratings expected to remain strong next Monday.  Forecast calls for cool temps the next two weeks with normal precip…at some point here we are going to need more heat.  Producer movement remains very light.  Calls steady for the market tonight.

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon