Fccoop

MARKET COMMENTARY

Morning Comments November 8, 2017

Wednesday, November 8, 2017, 8:11 AM
Submitted by: Landus Cooperative


Opening calls:

Corn down 1 to 2 cents

Soybeans up 1 to 3 cents

 

Good morning!

 

Corn futures closed down slightly Tuesday night, while soybeans closed up slightly. Traders are keeping a fairly neutral stance ahead of the USDA’s report.

 

November’s WASDE will be out tomorrow morning at 11:00 a.m. Analysts are expecting an increase in the U.S. corn yield 0.6 bpa to 172.4, moving production up to 14.327 bbu. Soybean yields are expected to be down again to 49.3 bpa, dropping production to 4.408 bbu. Similar to last month’s report, any numbers outside of the range of estimates will cause a reaction from the funds.

 

 

« Back

© 2018 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
Departments
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon