Fccoop

MARKET COMMENTARY

AM Comments 07/29/14

Tuesday, July 29, 2014, 8:07 AM
Submitted by: Dustin Weiner


Good morning!

 

Corn and soybeans both started out higher last night, but the extended weather forecasts (11-15 day) look wetter which caused everything, especially soybeans, to turn lower. 

 

Other than that, there isn’t much to go on today. Crop ratings were a little disappointing yesterday (good-to-excellent ratings are shown below) but that doesn’t change the fact that the overall crop looks great.  The outside markets are a mixed influence at this time with crude oil trading lower while both the $US and the stock markets are called higher.

 

Opening Calls

Corn down 2 to 3 cents

Soybeans down 8 to 12 cents

 

Have a great day!

 

@fccoopgrain

 

 

 

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