Fccoop

MARKET COMMENTARY

AM Comments 09/08/14

Monday, September 8, 2014, 7:09 AM
Submitted by: Dustin Weiner


The corn and soybean markets are both lower this morning, as a reduced risk for frost is allowing the trade to remove weather premiums out of the market.  How the market closes today could hinge on the midday weather models – a colder outlook could inject a little life into the close but if they confirm reduced frost risk the markets will find additional selling pressure.

 

Other than that, not much else out there.  There is a bit of macro discussion going on regarding the $US (which is approaching its highest levels in 14 months).  Of course, a strong dollar adversely affects the competitiveness of the U.S. in the export corn/soybean markets which is not what we like to see as we prepare to handle what looks to be a record corn/soybean crop.

 

Opening Calls

Corn 5 to 7 cents lower

Soybeans 6 to 9 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

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