Morning Comments February 7, 2017
Tuesday, February 7, 2017, 8:02 AM
Submitted by: Landus Cooperative
Soybean market this morning is a little lower. Low trade volumes are not adding support. Weather in South America the next 7-14 days is calling for active precipitation. Rains will be beneficial to corn and beans in the Mato Grosso region.
The corn market is needing new news to break out of the current trading pattern. One supportive factor is U.S. corn prices are still competitive in the world market.
Even with strong export and ethanol demand, we need something new to support corn.
Corn steady to down 1/2
Soybeans down 1 to 2