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MARKET COMMENTARY

AM Comments 06/29/16

Wednesday, June 29, 2016, 12:06 PM
Submitted by: Dustin Weiner


The night session was quiet last night, trading steady/mixed early but leaking lower as the session wore on. This could be the calm before the storm as the usually exciting stocks and acreage reports will be out tomorrow at 11am. Friday could be interesting also as it will be full of pollination weather trade as the market braces for a 3-day weekend where much can change. FYI the markets will close Friday afternoon as normal but not open again until Tuesday morning at 8:30 (no night session prior).

 

Overall, with the large amount of risk sitting in front of us tomorrow - prices could bounce around quite a bit throughout today’s session. The weather forecasts aren’t providing the bulls with much of anything to run with today which is giving the opening calls a slightly bearish tone.

 

Opening Calls:

Corn steady to 2 cents lower

Soybeans are 5 to 8 cents lower

 

Have a great day!

 

@landuscoopgrain

 

 

 

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

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