Fccoop

MARKET COMMENTARY

PM Comments 7/23/2014

Wednesday, July 23, 2014, 3:07 PM
Submitted by: Joel Pudenz


A nice change today with corn and soybean futures closing higher: corn 2 cents higher and beans 17 to 19 cents higher. Most support came from some short covering. Weekly ethanol demand estimates gave a small boost to corn prices as production increased about 2% vs. last week. Other than that, the news wire was pretty quiet. Weather is staying cooler with some good chances of rainfall coming in early August.

 

Have a good night!

 

@fccoopgrain

 

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