AM Comments 11/20/12
Tuesday, November 20, 2012, 8:09 amSubmitted by: Dustin Weiner
Good morning!
Today is starting off quiet as we roll into pre-holiday trading mode. The markets are open normal hours tomorrow, closed Thursday and don’t open again until Friday morning at 9:30am.
Our grains are starting weaker today, getting a little downward push from the outside markets as the dollar is a bit higher while the financial markets are weaker. There isn’t much else going on for fundamental news. The US Army Corps of Engineers is meeting with the US Coast Guard today to discuss the reduced water flow from the Missouri River into the Mississippi River. This situation shouldn’t have much effect on futures prices but it will be a major influence on basis for the river terminals and tributary locations. This shutdown/slowdown of traffic is planned to take place between St. Louis and Cairo, IL.
Currently
Corn is 2 to 3 cents lower
Soybeans are 8 to 10 cents lower
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