AM Comments 05/15/13
Wednesday, May 15, 2013, 8:11 amSubmitted by: Dustin Weiner
Good morning!
Our markets were weaker last night – receiving pressure from
bearish outside markets. The $US is sharply higher again today, trading to its
highest level in nearly a year. This pressures most commodities, with gold down
over $15/oz and crude oil down over $1/barrel.
Other than that, it is quiet. Weather looks pretty much
unchanged from yesterday with the largest chances for rains still penciled in
for Sunday. With planters running seemingly everywhere the bulls may stay on
the sidelines for today.
There are rumors of additional soybean vessels being
imported into the East Coast of the U.S. Eventually (June maybe?) these
soybean imports will show up in a monthly USDA S&D report and could look
pretty bearish.
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