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.
Corn 2 to 3 cents higher
Soybeans steady to 2 cents lower
Have a great day!