Fccoop

MARKET COMMENTARY

AM Comments 10/13/15

Tuesday, October 13, 2015, 8:10 AM
Submitted by: Dustin Weiner


We saw higher bean prices and slightly lower corn prices last night. That trend of firmer beans and weaker corn has been going on for a few trading days in a row now.  I don’t think there are major changes out there fundamentally, it may simply be that the funds were caught a little too long on corn and are just lifting some of those longs.  When you look at a chart, you have soybeans pushing up against recent highs while corn is slipping back a bit – hopefully finding some support just below these current levels. 

 

The outside markets are trying to give a little help to us today with crude a bit stronger while the $US is steady/weaker.  Overall, look for beans to open higher and if they get a head of steam underneath them – they could pull corn higher with it.

 

Opening Calls

Corn steady to 2c lower

Soybeans 4 to 7 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

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