Fccoop

MARKET COMMENTARY

AM Comments 01/27/15

Tuesday, January 27, 2015, 8:01 AM
Submitted by: Dustin Weiner


The markets started off lower last night but have rallied a touch since then to trade a touch higher.  Feels like this little pop high is due to a lack of selling interest (thanks to the recent sharp declines).  In other words “it has went down far enough for now”.  Also supporting things today is a weaker $US which had recently been on somewhat of “nonstop” rally.  On the negative side, we are still hearing whispers that China is in trying to switch more of their US purchases down to South America.  This isn’t surprising, but it also isn’t supportive to prices.

 

Overall for today, the markets are starting to feel oversold so a short-covering rally would not be surprising.  However, the overall bias in the market still feels that long-term, prices have room to work lower…

 

Opening Calls

Corn steady/higher

Soybeans steady/higher

 

Have a great day!

 

@fccoopgrain

 

 

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon