Fccoop

MARKET COMMENTARY

AM Comments 10/08/14

Wednesday, October 8, 2014, 9:10 AM
Submitted by: Dustin Weiner


The markets are trading mixed so far today with soybeans showing a little weakness after trading higher early on.  A chief reason why the grain/oilseed markets have been rallying this week has been the decline in the $US which has pushed some fund money back into commodities.  The dollar had been rallying for around 3 months now and if this rally is coming to an end, it could be enough to temporarily allow corn and soybean prices to work higher in the face of what looks like record crops and ballooning carryouts. 

 

Currently…

Corn is steady to 1c lower

Beans are 2-3 cents lower

 

Have a great day!

 

@fccoopgrain

 

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