Fccoop

MARKET COMMENTARY

AM Comments 01/09/15

Friday, January 9, 2015, 8:01 AM
Submitted by: Dustin Weiner


The whole market seems to be the definition of mixed this morning – beans are a couple cents lower, corn is a couple cents higher, wheat is steady/weaker, the dollar is slightly lower but crude oil is also slightly lower while metals are mixed and the stock market is called lower.  In the case of grains – we expect to see some positions get evened up today ahead of Monday’s reports.  With news lacking, limited farmer selling and a weaker dollar, prices could find a little support today but overall I expect things to be choppy with light volume potentially exaggerating the swings. 

 

Opening Calls

Corn 2 to 3 cents higher

Soybeans steady to 2 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

 

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