Fccoop

MARKET COMMENTARY

AM Comments 05/11/15

Monday, May 11, 2015, 7:05 AM
Submitted by: Dustin Weiner


The markets were mixed overnight, as of this writing corn and wheat are now slipping lower while soybeans are a touch higher.  The outside markets are also mixed with the $US firmer but crude oil higher.  Weather over the weekend did allow for a little planting to be done in some areas of the corn belt while many other areas are waiting for some drier weather. 

 

The planting progress report will be out this afternoon after the close.  Corn planting is expected to come in around 70-75% completed, well above the average of 58%.  Soybean planting averages 20% and is expected to be somewhere around 25-35% complete in this afternoon’s report.  With overall planting above average levels, planting delays being mentioned in parts of the corn belt is not thought to be a major ‘market-moving’ issue (yet).  Tomorrow at 11am the USDA will release their update S&D report which will give us an updated glimpse into ending stocks projections for both this summer and next summer.

 

 

Opening Calls

Corn steady to a penny lower

Soybeans 1 to 2 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

image005.png
image006.png

 

« 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