Fccoop

MARKET COMMENTARY

AM Comments 09/14/15

Monday, September 14, 2015, 7:09 AM
Submitted by: Dustin Weiner


The positive price action seen after Friday’s USDA S&D Report looks to have spurred some follow-through buying overnight as both corn and soybeans are trading higher as I type this this morning.  Slow farmer selling has also been cited as a reason for the firmer prices lately. The FSA acreage data will be released this week which many feel has a chance to be friendly to prices (it could reduce planted acres for both corn and soybeans). Of course, the FSA data – while being a strong indication – isn’t the most accurate representation as it only reflects acres turned in. Big picture… while there will be bumps and bruises, the trade is starting to feel that the short term lows may have been put just before the holiday and prices will try to stabilize in here. 

 

Opening Calls

Corn 1 to 3 cents higher

Soybeans 5 to 7 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

 

 

image001.png
image002.png
image003.png
image004.png

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon