AM Comments 06/27/16

Monday, June 27, 2016, 12:06 PM
Submitted by: Dustin Weiner

Our corn and soybeans prices were higher last night with corn currently trading 15c above than the lows made during the session Friday (Brexit-fueled). As you may have seen, corn did close pretty well Friday (only down a few cents after being double digits lower during the day) and that firmer close is likely sending the technical traders a signal that prices on the chart were ‘cheap enough’ for now.  Of course, we aren’t out of the woods yet – the $US is still firm which is always difficult to overcome and weather/crop conditions still remain mostly favorable with trendline (or better) yields for the US still possible.


This afternoon we will get another look at the weekly crop progress report and the market is expecting conditions to drop a touch, but should remain better than last year and better than the 5-year average. The big reports will be out Thursday with Planted Acreage and Quarterly Grain Stocks both being released at 11am. Even with the Brexit wake still swirling around us – you might seem our markets act pretty choppy ahead of Thursday as traders try to even up whatever positions they have. This June 30th report packs a strong fundamental punch, making it well-known for high volatility – both positive and negative.



Corn is 3 to 4 cents higher

Soybeans are 16 to 20 cents higher


Have a great day!






Dustin Weiner
2321 N. Loop Drive, Ste. 220 Ames IA 50010-8218
O: 515-817-2144 | C: 515-460-3228

This email is intended for the use of the person to whom it is addressed and may contain information that is privileged and confidential, the disclosure of which is governed by applicable law. Dissemination, distribution or copying of this information in an unauthorized manner is strictly prohibited. Sender accepts no liability for any damage caused by any virus transmitted by this email. If you receive this email in error, please notify the sender.



« Back

© 2019 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon