Fccoop

MARKET COMMENTARY

AM Comments 12/26/14

Friday, December 26, 2014, 8:12 AM
Submitted by: Dustin Weiner


The markets haven’t traded since 1:15pm on Wednesday (there was no overnight session last night) so opening calls are somewhat scattered.  The general calls I am seeing all involve synonyms of the word “mixed”.  Gives me the impression that nobody really knows what our markets will look like when they open this morning at 8:30.  If I had to guess… the markets were all weaker Wednesday and while we may see a quick bounce to start things off this bearish tone could continue today as growing conditions in South America remain great while other news is limited.  With a large percentage of the trade out of the office today, look for light volume and choppiness all around.

 

Outside markets… Crude oil is slightly higher, the $US mixed and the DOW is called a higher. 

 

Weather… US forecasts are starting to turn colder as temps are expected to drop to below normal starting around the first of the year.  Like I mentioned above, South American weather still looks fine as rain showers are moving into Argentina with no sign of a blocking ridge of dry weather on the horizon.

 

Have a great day!

 

@fccoopgrain

 

 

 

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