Fccoop

MARKET COMMENTARY

AM Comments 05/19/15

Tuesday, May 19, 2015, 7:05 AM
Submitted by: Dustin Weiner


The corn and soybean markets were all lower last night and the story seems painfully simple: the $US is sharply higher, now up over 2% in just the last 3 days which is bearish to commodities.  On my screen right now I see crude oil, gold, silver, wheat, beans, corn – all of them trading in the red. 

 

An interesting story for me that came out of yesterday afternoon’s crop progress/conditions report was that it showed the good-to-excellent ratings in wheat actually improving by a point – which was a surprise given recent weather concerns.  Wheat was up over 10c yesterday pre-report (supporting corn) and is down over 10c today (weighing on corn). 

 

Opening Calls

Corn 3 to 5 cents lower

Soybeans 2 to 4 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

 

 

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