Fccoop

MARKET COMMENTARY

AM Comments 07/30/14

Wednesday, July 30, 2014, 7:07 AM
Submitted by: Dustin Weiner


Good morning!

 

The soybean market was the shining star last week and early this week, rallying over 60c from Wednesday through Monday.  Well that luster has worn off as rainfall chances look better than originally expected which has dropped Nov bean futures right back into the middle of their trading range.  Overall the markets are quiet, just flexing back and forth based on new weather models being released throughout the day.

 

Opening Calls

Corn 2 to 3 cents lower

Soybeans 6 to 8 cents lower

 

Have a great day!

 

@fccoopgrain

 

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