Fccoop

MARKET COMMENTARY

AM Comments 09/01/16

Thursday, September 1, 2016, 1:09 PM
Submitted by: Dustin Weiner


It’s a new month and while August was a rough one (December corn futures were down 27.25 cents and November soybean futures were down an even 60 cents), September is starting off a little firmer with corn and beans both spending most of the night session in the green. Albeit we are only up a couple cents, I can’t remember the last time I flipped the screen on in the morning to find corn, beans and wheat all higher!

 

Weekly export sales were out at 7:30 this morning and the sales made last week were all within guesses, but on the higher end. So that is neutral to a little friendly. We are seeing some Chinese news that is a little friendly also as their PMI measurement came in at 50.4. PMI is an indicator used to gauge Chinese manufacturing growth: a number above 50 indicates expansion and below 50 would indicated contraction. This number (50.4) is the highest since October of 2014 which is a good sign.

 

Opening Calls

Corn 1 to 3 cents higher

Soybeans 2 to 4 cents higher

 

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

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.

image001.png
image004.jpg
Logo_df8d99d2-3290-4b27-a975-f95f8343fa3b.png

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon