Fccoop

MARKET COMMENTARY

AM Comments 10/05/16

Wednesday, October 5, 2016, 1:10 PM
Submitted by: Dustin Weiner


It was a mixed trade last night with corn leaking a little lower, after yesterday it traded at its highest price since mid-July. Soybeans were a touch higher last night on what appears to be technical (chart-related) support. The outside markets are offering a little support this morning with crude oil higher (nearing $50/barrel again) and the $US is lower.

 

Weather… yes, the nearby forecasts look a little wet but the extended maps (shown below) are showing normal temps and below normal precipitation which is of course excellent for harvest progress. Informa (a well followed private company) will be out with their updated estimates on corn and soybean production this morning. This could give the market some direction – watch for that at around 10:30 AM. The USDA will be out with their updated estimates next week.

 

Opening Calls

Corn 2 to 3 cents lower

Soybeans 2 to 3 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.jpg
image002.jpg
image003.jpg
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