Fccoop

MARKET COMMENTARY

AM Comments 02/17/16

Wednesday, February 17, 2016, 7:02 AM
Submitted by: Dustin Weiner


After a nice start to the marketing week yesterday (corn was up 4c, beans were up 6c) we are seeing quiet markets overnight with both commodities trading a shade lower.  The outside markets are firmer today, crude oil is trading higher which generally helps persuade traders to make today a “risk-on” type of day.  The U.S financial markets are firmer also, attempting to put in their third straight day of stronger trade – receiving a boost overnight from firmer markets in China and Europe.

 

The USDA will be meeting next week (Feb 25-26) for its annual Agricultural Outlook Forum.  This will be something to look forward to as we will get to see new-crop production estimates - which of course start with the all-important 2016 acreage projections.

 

Opening Calls

Corn fractionally lower

Soybeans 1 to 2 cents lower

 

Have a great day!

 

@fccoopgrain

 

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