AM Comments 07/13/16

Wednesday, July 13, 2016, 1:07 PM
Submitted by: Dustin Weiner

We had firmer markets overnight last night – once again led by a soybean market that won’t stay down. The main story here is (of course) weather as continued chatter about a “ridge of death” or “dome of doom” gives the bulls something to chew on. From Wikipedia (for non-weather geeks): A ridge is an elongated region of relatively high atmospheric pressure, the opposite of a trough.


So even though most of the Corn Belt saw favorable conditions for late June and early July – the next 2-3 weeks are forecasted to bring hot, dry temps and the market is reacting to that. Soybeans in particular are the most vulnerable to sharp price increases as the soybean balance sheet doesn’t have much room for error (with the corn acres we have along with some questionably firm demand, the corn S&D could survive a yield drag) and this could stretch into pod-setting. If this ridge A) does set up over a large portion of the Midwest as forecasted and B) stays there for longer than expected… Katie bar the door! The funds - who were so quick to liquidate their long positions - could have a change of heart, giving this market a much different feel.


Opening Calls

Corn 6 to 9 cents higher

Soybeans 18 to 22 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