AM Comments 02/23/15

Monday, February 23, 2015, 8:02 AM
Submitted by: Dustin Weiner

Mixed markets this morning with corn and wheat a touch lower while soybeans are trading a few cents higher.  The outside markets are a negative input with the $US trading sharply higher and testing resistance up near the February highs.  This has helped push most commodities lower, crude oil is down over $1.90 as I type this. 


Some of the strength in soybeans is coming from firmer soybean meal prices… which could be due to cold weather in the US.  Cold weather this time of year offers support as traders feel that the longer it drags on, the impact from logistical problems and reduced animal feed conversions (this helps explain firmer meal values) will be enlarged.  You can see for yourself by looking at the 8-14 day temp forecast (below) that cold temps will continue to dominate the conversation in the Midwest. 


Opening Calls

Corn steady to down 2c

Soybeans 2 to 4 cents higher


Have a great day!








« Back

© 2019 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon