Fccoop

MARKET COMMENTARY

AM Comments 12/02/14

Tuesday, December 2, 2014, 8:12 AM
Submitted by: Dustin Weiner


The markets were mixed in the overnight trade as they continue to stabilize after last Friday’s sharp declines.  Corn and soybeans closed up a whole penny yesterday, and are currently down about that this morning, so… not a lot of action.  The weather outlooks across South America look mostly favorable (again) for corn and soybean production as southern Brazil is expected to get some rains over the next 7-10 days which should help the soybeans in that area. Meanwhile parts of central Argentina dealt with strong storms over the weekend (high winds, localized flooding) but are now seeing improving conditions to start the week.

 

The outside markets are slightly negative this morning with crude oil lower while the $US is firmer when compared to most other currencies.  On a positive note, the stock market is called a touch higher.  Overall for today, there are very few inputs to trade off of which should allow the market to chop around on both sides of yesterday afternoon’s close.  Should give something for both the buyers and the sellers to work on.

 

Opening Calls

Corn 1 to 2 cents lower

Soybeans steady to 2 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

image003.jpg

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon