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.