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.
Corn 2 to 3 cents lower
Soybeans 2 to 4 cents lower
Have a great day!