Morning Comments February 6, 2017
Monday, February 6, 2017, 7:02 AM
Submitted by: Landus Cooperative
Soybeans this morning are higher on questions of global production going into next year. U.S. soybean exports are running ahead of last year’s pace. Pressure will come from good weather in South America over the weekend. The Chinese holiday is over, so the trade will be watching to see where they start buying beans from.
Corn will find support today from good ethanol and export demand. Along with higher demand comes a decrease in carryout, and that will give support to the corn market.
Corn 1-2 higher
Soybeans 8-10 higher