Fccoop

MARKET COMMENTARY

AM Comments 02/03/16

Wednesday, February 3, 2016, 8:02 AM
Submitted by: Dustin Weiner


Looks like a mixed trade to start things off today and on the news front – once again – there is very little to discuss.  Next week we will get another S&D Report out from the USDA which will help the fundamental news cycle, but between now and then there just isn’t much going on.  Corn and beans both traded to some new 6-week highs yesterday, with technical buying under the market.  Today, while we look to start off lower we could easily see a two-sided trade as the charts still look pretty good and crude oil is trying to rebound.

 

Opening Calls

Corn steady/weaker

Soybeans 2 to 3 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

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