Fccoop

MARKET COMMENTARY

AM Comments 12/23/14

Tuesday, December 23, 2014, 8:12 AM
Submitted by: Dustin Weiner


It is setting up to be another quiet day today.  The outside markets are mixed as crude oil bounces back from big losses yesterday while the $US makes new highs, gold slips lower and the financial/equity markets work higher.  The export sales report that is normally out on Thursdays will be delayed to Monday due to the Christmas holiday which further removes chances of fundamental news effecting our markets this week.

 

Weather in South America remains excellent and there are reports out there that farmer selling is increasing in that part of the world, especially Brazil.  Farmer selling in the US is still fairly light, but the market is starting to notice that selling patterns on rallying are increasing as of late…

 

REMINDER: The grain markets will close at noon tomorrow (Wednesday) and won’t open back up until Friday at 8:30am.  They will be then run normal hours on Friday, closing at the normal time of 1:15pm.

 

Opening Calls

Corn steady/weaker

Soybeans down 2 to 4 cents

 

Have a great day!

 

@fccoopgrain

 

 

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