Fccoop

MARKET COMMENTARY

AM Comments 09/15/15

Tuesday, September 15, 2015, 8:09 AM
Submitted by: Dustin Weiner


Corn was a little softer overnight, likely catching its breath after a nice string of days closing higher. Since we closed lower on Sep 3rd – here is the run on Dec corn: 09/04 up 1.5c, 09/08 up 5.25c, 09/09 up 0.75c, 09/10 up 5.25c, 09/11 up 12.75c, 09/14 up 6.50c.  That’s a straight move of 32c, so seeing it set back a bit today shouldn’t be a surprise.

 

The weekly crop ratings were out last night, corn ratings were unchanged while soybean ratings dropped 2%. While crop ratings this time of year don’t hold as much value, a declining soybean crop could give the soy complex a little support as the trade will assume an adjustment will be coming in the next S&D.

 

Opening Calls

Corn 1 to 3 cents lower

Soybeans steady/higher

 

Have a great day!

 

@fccoopgrain

 

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