Fccoop

MARKET COMMENTARY

AM Comments 08/04/15

Tuesday, August 4, 2015, 8:08 AM
Submitted by: Dustin Weiner


After making new lows for the move yesterday – our corn and soybean markets (along with the energy markets) are rallying in Turnaround Tuesday fashion.  The crop ratings that were out last night showed corn conditions unchanged and soybean conditions improving by 1% which could keep a lid on prices today. With the USDA coming out next week (Aug 12th) with an updated S&D we will start to see private estimates on crop size be released this week which could give the market a small taste of fundamental news. 

 

Opening Calls

Corn 2 to 4 cents higher

Soybeans 7 to 10 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

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