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MARKET COMMENTARY

Landus Cooperative Market Commentary June 14, 2017

Wednesday, June 14, 2017, 8:06 AM
Submitted by: Landus Cooperative


Opening Calls:

 

Corn steady to slightly lower

Beans +3 to +4

 

Weather continues to be the driver to the markets near term.  With scattered storms in the last couple of days and forecasts for favorable rains in the next week to ten days, pressure will be on the grain complex.  There continues to be issues in the Dakotas and a few pockets in the Eastern Corn Belt.  Given this, it’s going to be hard for corn to rally too much in the next week or so.  Outside factors may have to do the work, and there is not a lot of bullish news there, either.

 

For soybeans, we continue to be in a somewhat range bound market, but the overall picture still shows a much larger carry over for Old Crop and a potential for an even larger carry over for New Crop.  Demand is good, but there is no new significant demand in the offing. 

 

Crude is down a little again today, trading in the $46 to $47 dollar area.  The dollar index was lower yesterday and the Federal Reserve is wrapping up a two day meeting today.  Many expect more details about the timing and severity of the next rate hike.

 

BROCK ASSOCIATES MEETING: Landus Cooperative is sponsoring a Brock Associates seminar on June 26th.  Join us at the Wild Rose Casino in Jefferson for an afternoon of farm information from several valuable speakers.  Registration opens at Noon followed by sessions on land value outlook, weather and marketing outlooks, and managing risk with marketing. Pre-Registration is free, but you need to contact us.  Just call your local Landus Cooperative location, local GMA or dial 877-778-2226 for registration.  More details can be found at: https://www.summerdecisions.com/Then, just click on the “Jefferson, IA” link at the top of the page.

 

SOYPLUS PLANT TOUR TOMORROW: Landus Cooperative members are reminded of the SoyPlus plant open house Thursday, June 15th. Tour times are available from 8-10 a.m. or from 4-6 p.m. Meet at the main office in Ralston, 406 First St. to participate. Closed toed shoes required.  No RSVPs required. 

 

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Ames, IA 50010
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