Fccoop

MARKET COMMENTARY

AM Comments 10/15/14

Wednesday, October 15, 2014, 7:10 AM
Submitted by: Dustin Weiner


We might be in for a bit of a correction today which shouldn’t be surprising given the large rallies we have seen so far this week.  Only time will tell, but this spike in prices could be nothing more than funds covering their shorts… fueled by harvest delays.  On the flip side, some could look at the charts and claim that the “harvest lows” are now in.  Again, only time will tell.

 

The outside markets have turned a bit weaker again today with crude oil at 4-year lows and the DOW down again today in line with news that another health care worker has contracted Ebola. 

 

Opening Calls

Corn 2 to 3 cents lower

Soybeans 2 to 4 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

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