AM Comments 01/21/15
Wednesday, January 21, 2015, 7:01 AM
Submitted by: Dustin Weiner
The markets spend the night trading mixed to a little better as prices attempt to adjust after the recent sharp declines. Overall fundamental news is scarce and it seems like world economics and the outside markets have been at center stage lately. The latest chatter involves the rumor that the EU will be announcing a big QE stimulus package as soon as tomorrow. As of this morning, it isn’t making big waves yet across the outside markets – with the $US slightly weaker, the stock market called lower and crude oil trading slightly higher.
Overall, unless we get hit with news of additional soybean cancellations at 8AM I’d expect the markets today to chop around and leak a little higher today.
Corn steady to 1c weaker
Soybeans 2 to 3 cents higher
Have a great day!