Fccoop

MARKET COMMENTARY

AM Comments 02/23/16

Tuesday, February 23, 2016, 7:02 AM
Submitted by: Dustin Weiner


It was a quiet overnight session as corn stayed inside a 1c range while soybeans stayed inside a 4c range – with both markets trading below yesterday’s close. Simply put, fresh news is hard to find.  The outside markets this morning lean a little negative so far with crude oil and equities both a shade weaker. Current weather forecasts are showing heavy rains for Brazil over the next 10 days.  Vessel lineups at Brazilian ports are growing – but wait times have not gotten long enough to switch boats over to the U.S.  This will be watched closely as you can imagine…

 

Opening Calls

Corn 1-2 cents lower

Soybeans 4-5 cents lower

 

Have a great day!

 

@fccoopgrain

 

 

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