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MARKET COMMENTARY

Morning Comments December 20, 2017

Wednesday, December 20, 2017, 8:12 AM
Submitted by: Landus Cooperative


Opening calls:

Corn trading steady to slightly higher

Soybeans trading 3-4 cents higher

 

Good morning!

 

Corn traded slightly higher on the overnight session with little to no news to give the market direction. Still debate over Argentinian weather. Most forecast calling for rain over the next few days, but there is concern over what happens past that rainfall.

 

Soybeans traded higher on the overnight session after closing 5 1/2 lower yesterday on the January contract. We will see if soybeans can hold onto these gains after the board reopens.

 

Crude oil currently higher again this morning, just below $58 per barrel. The dollar is trading steady to higher.  

 

 

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