Fccoop

MARKET COMMENTARY

PM Comments 8/21/2014

Thursday, August 21, 2014, 4:08 PM
Submitted by: Joel Pudenz


Corn futures were able to settle a penny higher on the close, trading mixed on the day. Old crop (September) futures closed 3 cents higher as cash values continue their firmer trend. Much of Iowa received rain today with some needed warmer temps (and GDUs) forecasted through the weekend and more rain coming through next week. These August rains we’ve been getting are friendly to soybean yields – which is adding more pressure to a market that expects record production. November soybeans closed even to slightly lower, trading a quiet 12 cent range on the day. Old crop soybean cash values are extremely firm as end users attempt to find whatever old crop beans remain unspoken for.

 

Sept corn closed 3 cents higher

Dec corn closed 1.5 cents higher

 

Sept beans closed 16 cents higher

Nov beans closed ΒΌ cent higher

 

Have a good night!

 

@fccoopgrain

 

 

 

 

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