Fccoop

MARKET COMMENTARY

Morning Comments December 5, 2017

Tuesday, December 5, 2017, 8:12 AM
Submitted by: Landus Cooperative


Opening calls:

Corn Steady to up 1

Beans up 7

 

Good morning,

 

Grain futures are mixed this morning with soybeans leading the way after a lethargic close yesterday. Cash markets have strengthened and futures could follow in December, but anything more than a short covering rally unlikely without weather trouble in South America due to large supplies on hand. South America weather forecast outlook shows below normal rainfall for Argentina and most of southern Brazil over next week to 10 days. Northern Brazil is average-to-above rainfall & temps remain above normal with no signs of extreme heat. Australia’s wheat production continues to decline as La Nina conditions bring heavy rains to eastern Australia. Egypt expects to see wheat acres increase from 3.11 to 3.74 million acres. Egypt is the world’s largest wheat importer and expects to import 7MMT from overseas.

 

Have a great day!

 

 

« 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