Fccoop

MARKET COMMENTARY

weekly grain TP's

Wednesday, February 18, 2015, 10:02 AM
Submitted by: Jon Setterdahl


  • CORN HAS BEEN LOCKED IN A VERY TIGHT DIME TRADING RANGE FOR ABOUT 2 WEEKS NOW.  CH 382-392.  WATCH FOR A BREAKOUT WITHIN THE NEXT WEEK. 

 

  • FUNDAMENTAL NEWS HAS BEEN PRETTY QUIET.  FEELS LIKE COMMODITIES AND ENERGY ARE IN HOLDING PATTERNS, AWAITING THE NEXT NEWS. 

 

  • USDA OUTLOOK CONFERENCE WILL HAVE SOME PRELIMINARY NUMBERS TO LOOK AT IN THE NEXT FEW DAYS.  PARTICULARLY ACREAGE AND NEXT YEAR’S SUPPLY/DEMAND SITUATION.

 

  • FORECASTS OUT 2 WEEKS LOOK TO BE CONTINUED COLD AND DRY. 

 

  • PRODUCER MARKETINGS REMAIN SLOW AND SPOTTY….ON UP DAYS A LITTLE CASH GRAIN MOVES, ON DOWN DAYS NOTHING HAPPENS AT ALL.

 

 

 

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2321 North Loop Dr., STE 220
Ames, IA 50010
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