Fccoop

MARKET COMMENTARY

AM Comments 10/30/14

Thursday, October 30, 2014, 8:10 AM
Submitted by: Dustin Weiner


Our markets traded higher for pretty much the entire overnight session last night – corn, soybeans and wheat all made new highs for the move!  However, the soybean market has since given up those gains as bean futures lost a little bit of steam and started to slip lower shortly after 7am and they were still lower when the markets paused at 7:45.

 

The weekly export sales report was out this morning reflecting solid soybean sales but poor corn sales.  The outside markets today are considered a bearish input as the $US rallies, pushing energies, metals and other commodities lower. 

 

Weather… While a cold snap pushes into the Midwest today, the extended outlook calls for a warmer and drier than normal patter for the western Corn Belt whole the southern and eastern parts trend a little wetter.  6-10 maps are below.

 

Opening Calls

Corn steady/mixed

Soybeans 5 to 7 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

 

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