Fccoop

MARKET COMMENTARY

AM Comments 6/30/2014

Monday, June 30, 2014, 8:06 AM
Submitted by: Joel Pudenz


Corn is slightly lower this morning and soybeans are mixed as the market waits for the 11:00 A.M. stocks and acreage report. Acreage is expected to stay relatively unchanged for corn and increase by 600k acres for beans. Soybean stocks are expected to be tight, which is providing some front-end support to soybean prices. Look for trade to be quiet and mixed into the report. The Hogs & Pigs report Friday was a bit of a bearish input as all hogs, hogs kept for breeding, and hogs kept for marketing were all below market expectations. Widespread rainfall covered the Midwest this weekend with another system moving through today. Tomorrow and the week forward look to be drier.

 

Opening calls:

Soybeans mixed 1 lower to 1 higher

Corn 3 to 4 cents lower

 

Have a great day!

 

@fccoopgrain

 

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