AM Comments 08/03/16
Wednesday, August 3, 2016, 1:08 PM
Submitted by: Dustin Weiner
The markets are trying to be up a little bit today with soybeans a dime higher overnight while corn is slightly higher also. There really isn’t much for new news to discuss - no major changes in weather that I see but it is going to get hot so maybe the market is a little nervous about that. Strength in palm oil (biggest 1-day rally in 10 month, sitting now at 6-week highs) is pushing soy oil higher which is of course spilling support into soybeans. But other than that – it is very quiet this morning. Look for things to start off higher with the potential to stay higher for much of the day as the charts feel a touch oversold and additional demand seems to be coming to the table…
Corn 1 to 2 cents higher
Soybeans 8 to 12 cents higher
Have a great day!
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.