Thursday, December 27, 2012

A.M. Grain Market Commentary for 12/27/2012

AM Comments 12/27/12

Thursday, December 27, 2012, 8:06 am
Submitted by: Dustin Weiner

Good morning!

Our markets are mixed today with corn and wheat lower while soybeans recover a bit and are trading higher.  The wheat market in particular is having a tough go of it – putting in new lows for the move last night, the lowest level in 6 months.  This weakness today feels like a continuation from yesterday’s sell-off.  As we approach the end of the year we are seeing liquidation as funds work on rebalancing their positions – selling some sectors while buying others.

Other than that, it looks to be another relatively quiet, low volume day.  

Currently
Corn is down 1 to 2 cents
Soybeans are up 6 to 8 cents

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