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MARKET COMMENTARY

Morning Comments January 10, 2018

Wednesday, January 10, 2018, 8:01 AM
Submitted by: Landus Cooperative


Opening calls:

Corn unchanged to up 1 cent

Soybeans down 2 to 3 cents

 

Good morning!

 

Markets mixed this morning after corn contracts closed up 1-2 cents yesterday, and soybeans closed down 2-3 cents. Average projection for 2017/2018 corn yield is 175.4 bpa, with a range of 173.7 to 177 bpa. Any numbers outside of that range could trigger some market movement. Traders are also expecting the number for Brazil’s corn production to be down to 93.3 MMT from 95 MMT in December’s report.

 

Rain forecasts in Argentina continue to put downward pressure on the soybean market. Yield is expected to remain unchanged, but Brazil’s crop is expected to be increased 2.1 MMT in Friday’s report.

 

Don’t forget about our Innovator’s Workshops coming up in the next few weeks! You can RSVP to your FSA or GMA, or call the Trade Floor at (877) 778-2226.

 

City

Venue

Date

Huxley

Monsanto Learning Center

Wednesday, January 10th

Wall Lake/Lake View

Spring Lake Golf Course

Thursday, January 11th

Jefferson

Wild Rose Casino

Tuesday, January  16th

Templeton

Templeton Center

Wednesday, January 17th

Menlo

5x80

Thursday, January 18th

Thompson

Branding Iron

Tuesday, January 23rd

Greene

American Legion

Wednesday, January 24th

Parkersburg

Legend Trail Golf Course

Thursday, January 25th

 

 

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