Fccoop

MARKET COMMENTARY

AM Comments 09/22/14

Monday, September 22, 2014, 7:09 AM
Submitted by: Dustin Weiner


New contract lows are being made this morning on corn, soybeans & meal as the markets grind lower on good weather and big yield reports.  The majority of the Midwest looks to stay warm and dry for the rest of week with no signs of a freeze or frost for the next couple of weeks.  The yield reports coming out of Illinois are just absolutely phenomenal (a bunch of from 250 to 300+ bpa) and with the clear weather forecast – we should start to hear even more yields from across the corn belt soon.  I did hear this morning that some producers in the eastern corn belt will temporarily stop harvesting corn and switch to beans soon because the beans are drying down fast.  This could be the final nail in the coffin on the old crop / new crop soybean inverse as the bean pipeline starts to fill.

 

Opening Calls

Corn 3 to 4 cents lower

Soybeans 14 to 17 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon