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MARKET COMMENTARY

Morning Comments March 9, 2018

Friday, March 9, 2018, 7:03 AM
Submitted by: Landus Cooperative


Opening calls:

Corn down 1 to 2 cents

Soybeans down 10 to 13 cents

 

Good morning!

 

Looks like the soybean market has found a top for the time being and is searching for a bottom.

 

We did not see anything unexpected in yesterday's report, rather trade reacted due to numbers that were "more" or "less" than traders were looking for. Trade has priced the lower soybean numbers in Argentina the last few weeks, so the 7 MMT drop in the country's production did not inspire the reaction many were hoping for. Traders were probably most pleasantly surprised by the corn numbers in yesterday's report, and the market responded by pushing corn well into the green by the close. 

 

Today we will be in Menlo at 11am for our member meeting! The next meeting will be in Templeton on the 21st. 

 

Topics include:

  • Section 199
  • 2018 CapEx Plans
  • Agronomy Fleet Upgrades
  • New/Online Customer Portal
  • Computer System Changes and One Customer Statement
  • Technology Investments
  • Plans for Demolition and Site Clean-Up
  • and Q&A

RSVP online: http://www.landuscooperative.com/news_release/member-meeting-registration/

 

 

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