AM Comments 11/13/15
Friday, November 13, 2015, 7:11 AM
Submitted by: Dustin Weiner
The weekly export sales report was out at 7:30 this morning and is attempting to breathe a little life back into these markets. Corn sales came in at the top end of expectations while soybean sale were above expectations. As this news was released corn rose from 2c lower back up to steady while soybeans rose from 6c lower back up to only 1c lower. While that is nice to see, I hope that isn’t the only piece of action we get today as these markets have been quiet (read: boring) the last few days. Futures are treading water near recent lows and farmers aren’t selling much. Pretty stagnant.
For the rest of the day today, I’m afraid we will be watching outside markets and so far – they aren’t overly positive. The $US is stronger, crude oil is weaker, and the DOW is trading a touch lower.
Soybeans 1 to 3 cents lower
Have a great day!