Fccoop

MARKET COMMENTARY

AM Comments 08/11/15

Tuesday, August 11, 2015, 8:08 AM
Submitted by: Dustin Weiner


After a strong day in the commodity futures markets yesterday, everything seems to be taking a step back today as both corn and soybeans were lower overnight – giving up around half their gains from yesterday.  The big story is out of China as their central bank devalued the yuan by 1.9% - the largest one-day drop since 1994.  This has most commodities lower. Other than that… not much going on as the market attempts to position itself ahead of tomorrow’s report.  Expectations are still that 2015 corn and soybean production and carry-out numbers will drop when compared to last month’s projections.

 

Currently:

Corn is 8 cents lower

Soybeans are 14 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

 

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