Morning Comments March 17, 2017
Friday, March 17, 2017, 8:03 AM
Submitted by: Landus Cooperative
Beans: 2 to 3 cents lower
Positive day for grains yesterday as corn and beans both closed higher. Corn is trading better than expected weekly export sales and also steady ethanol demand. The U.S. dollar has been weaker the past few trading sessions which has given some support to grains.
This morning grains are trading lower after a relatively quiet week. No fresh news other than positive exports. Traders anxiously waiting for USDA acreage intentions report released on March 31st, along with the Quarterly Grain Stocks report. Weather in the corn belt is variable, but we are seeing warmer temps ahead for Iowa, really helping to get some field work completed, soon.
Our speaker series continues next Wednesday, the 22nd, with Brian Grete, Editor of Pro Farmer. This meeting will be in Coon Rapids at the American Legion Hall. Registration at 10 a.m., meeting at 10:30, lunch at 11:30. Call us in Ames at 877-778-2226 to RSVP.
Also, next week is “Off the Chart Grain Marketing; a Forum for Women”. This will be held Friday, the 24th, in Ames. Visit http://www.aep.iastate.edu/womeninag to register. You can also call the phone number listed above if you have any questions. This looks to be an excellent event for all women wanting to know more about marketing grain.
Have a great weekend!