Fccoop

MARKET COMMENTARY

AM Comments 03/09/15

Monday, March 9, 2015, 7:03 AM
Submitted by: Dustin Weiner


As we walk in this morning the markets are trying to trade a bit higher, but really there isn’t much news pushing it.  So far this feels like a little short covering ahead of tomorrow morning’s 11am S&D report from the USDA...  In other words, the bears have made some money playing the downside and it may be time for them to take profits. 

 

The Brazilian gov’t will be having a meeting with the truckers unions tomorrow, and that alone seemed to have pushed the truckers strike story back into the spotlight a bit.  I suppose that if the meeting doesn’t go well the strike could be re-established and we can start talking about road blocks again. Let’s hope that everything goes well and business can continue.

 

Opening Calls

Corn 3 to 5 cents higher

Soybeans 2 to 4 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

 

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