Fccoop

MARKET COMMENTARY

AM Comments 10/12/15

Monday, October 12, 2015, 7:10 AM
Submitted by: Dustin Weiner


It was another big harvest weekend across the corn belt and the next harvest progress report is expected to show over 40% of the US corn harvested and over 60% of the US soybeans harvested.  The outside markets are a touch friendly today… while government offices and banks are closed for the Columbus Day holiday (this delays the crop progress report until tomorrow afternoon), equities are slightly higher – hoping to close higher again today which would make it the 7th day in a row.

 

Overnight in our grain/oilseed futures, corn was mixed while soybeans were higher - following through on Friday’s rally which was due in part to the USDA cutting bean acreage in their S&D report.  Overall for today, we expect a mixed trade with commodity futures taking cues from the rest of the outside markets.

 

Opening Calls

Corn steady/lower

Soybeans 4 to 6 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

 

 

 

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