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MARKET COMMENTARY

Morning Comments July 5, 2017

Wednesday, July 5, 2017, 8:07 AM
Submitted by: Landus Cooperative


Opening calls:

Corn 1-3 higher

Soybeans 5-10 higher

 

Markets reopen at 8:30 a.m.

 

Hard Red Wheat daily limit expanded to 45 cents. Corn and beans are both getting support from funds, wheat and weather. 6-10 forecast is calling for weather to not be as hot and dry as called for on Monday. This afternoon’s crop conditions report is expected to show that corn and soybean good to excellent ratings will deteriorate 1-2 %. Lots of farmer selling the last couple of days, which is putting pressure on basis. Offer contracts are an excellent tool in volatile markets. We would encourage you to set a target, especially on your Price Later corn and beans.

 

 

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Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
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