AM Comments 06/12/15

Friday, June 12, 2015, 8:06 AM
Submitted by: Dustin Weiner

The markets tried to bounce higher last night but when the overnight session closed both corn and soybeans were lower.  The $US seems to be a big factor in the weakness as concerns in Greece are once again allowing the dollar to rally which pressures most all of our commodities. 


Heavy rainfalls are moving into the Eastern Corn Belt this morning after dropping moisture in the West, with the severe rains hitting that SW part of Iowa again which was already soaked.  The rains remain in the forecast with another system coming over the weekend and again mid next week and potentially again next weekend.  The current projections from the Climate Prediction Center suggest an 85% chance that this year’s El Nino will continue throughout the summer/fall. Remember, El Nino conditions are tied to above average precip in North/South America with drought conditions in the other part of the world (Asia/Australia). 


Overall for today most calls will be for lower markets but I wouldn’t be surprised to see both corn and soybean futures give traders a selling opportunity with a rally at some point during the day session…


Opening Calls

Corn steady to 2 cents lower

Soybeans 1 to 3 cents lower


Have a great day!







« Back

© 2019 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon