Fccoop

MARKET COMMENTARY

AM Comments 07/08/15

Wednesday, July 8, 2015, 8:07 AM
Submitted by: Dustin Weiner


It was a quiet night overnight session and the with USDA’s S&D report out this Friday, it should stay quiet for the next day or two.  Generally speaking this market has been given a shot in the arm the last few weeks aka a “weather premium” has been put into price levels with uncertainty about not only yield but also acres hanging over the trade.  That general nervousness should keep the market supported on breaks. However… the funds are (for the most part) no longer short and with concerns over China’s economy becoming more and more visible every day – a new type of nervousness arises especially in the soy complex. This tug of war between global economics and domestic production could make this market awful jerky here for a bit. 

 

Opening Calls

Corn mixed to 2c weaker

Soybeans down 2 to 4 cents

 

Have a great day!

 

@fccoopgrain

 

 

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