Fccoop

MARKET COMMENTARY

3-13-15 PM Comments

Friday, March 13, 2015, 2:03 PM
Submitted by: Jon Setterdahl


What a way to end the week…pretty much a hard down day for all commodities.  Corn closed down 8 and beans down 16. Both are at key chart support areas….if this holds prices will bounce some and stay in recent ranges.  If support does not hold, another shot to the downside is likely.  US Dollar reached a new high, equities and energy markets were lower as well.  Nice weather looks to continue into next week, although won’t be quite as warm as this week was.  Overall weather good for spring fieldwork activity.  There are some dry areas, particularly the northern plains, but this won’t be a bullish factor for now.  Very well could be later.  Have a great weekend.

 

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