Fccoop

MARKET COMMENTARY

AM Comments 05/07/15

Thursday, May 7, 2015, 8:05 AM
Submitted by: Dustin Weiner


Overnight the corn market saw lower prices on heavy volume while the soybean market was higher for a good chunk of the night (on light volume) only to slip to steady/lower just before the 7:45am market pause.  Export sales were out this morning reflecting strong sales again in both corn and soybeans which could add a little support today. The outside markets this morning are mixed with the $US rebounding a bit while the US stock market is called lower.

 

Overall for today the corn market seems to want to give back some of the gains yesterday that were thought to be driven simply by short-covering.  I’d expect a mixed trade and without new news to talk about or the $US turning south again, we will be left looking at fundamentals which still appear negative with great weather and planting progress.

 

Opening Calls

Corn 2 to 3 cents lower

Soybeans steady to 2 cents lower

 

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