Fccoop

MARKET COMMENTARY

AM Comments 06/04/15

Thursday, June 4, 2015, 8:06 AM
Submitted by: Dustin Weiner


The weekly export sales report was out at 7:30 this morning and corn and soybean sales were both a little less than what the market expected (bearish).  Not a big deal, as corn moved from trading near steady to down just over 1c. The $US was weaker overnight and while it is still weaker this morning it has come back off of its overnight lows a bit.  Remember, a weaker dollar is friendly to our commodity prices and the initial drop in the $US Index we saw on Tuesday is getting the credit as to why our corn/soybean markets rallied.  So for today… watch the outside markets for direction as new fundamental news will be lacking. 

 

Opening Calls

Corn 1 to 2 cents lower

Soybeans 1 to 2 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

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