Fccoop

MARKET COMMENTARY

AM Comments 01/15/15

Thursday, January 15, 2015, 8:01 AM
Submitted by: Dustin Weiner


A strong export sales report this morning has soybean futures rallying while the outside markets in general are actually friendly to the rest of the commodity prices this morning.  The $US chart looks like it is trying to put in a reversal lower, which helps explain why commodities in general (corn, soybeans, wheat, energies, metals, etc. etc.) are all showing gains at this time.  With little news to go on, a surprising boost from the outside markets could keep things supported to start the day today.

 

Later this morning there will be a bit of fundamental news that might shift prices around a bit.  First, Informa (a well followed private company) will be releasing their estimate on acres for this spring.  Second, the NOPA soybean crush report will be out at 11am, giving us a better idea on recent domestic bean demand strength.

 

Opening Calls

Corn 4 to 6 cents higher

Soybeans 5 to 7 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

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