Fccoop

MARKET COMMENTARY

AM Comments 11/17/14

Monday, November 17, 2014, 7:11 AM
Submitted by: Dustin Weiner


The corn and soybean markets look to start the day mixed to lower.  The $US is higher this morning which pressured most commodities during the overnight trade.  Weather in South America looks mostly favorable for planting.  There is a mix of wet and dry areas throughout Brazil and Argentina with nothing overly dry or wet to threaten planting progress.

 

So… look for a quiet day today with price action like determined by the direction of fund/spec money.  The nasty cold weather we are currently experiencing looks to improve in the extended 6-10 and 8-14 day outlooks.  Also, along with this warmer weather a more ‘active’ precip pattern is likely to emerge.

 

Opening Calls

Corn 3 to 4 cents lower

Soybeans steady to a couple cents lower

 

Have a great day!

 

@fccoopgrain

 

 

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