AM Comments 07/03/13
Wednesday, July 3, 2013, 8:23 amSubmitted by: Dustin Weiner
Good morning!
The markets were a little firmer last night on what looks like a short-covering rally ahead of the holiday break. The markets will be closed all day/night tomorrow, opening back up at 8:30AM on Friday.
Weather… the temperature forecast for the next few weeks doesn’t appear to have an extreme heat in it – which is good. In the short term, the Eastern Corn Belt will get moisture while the Western Corn Belt remains pretty dry, with no rain in the forecast until next Tuesday/Wednesday. There are probably parts out West that could use a nice rain.
Opening Calls
Corn 4 to 5 cents higher
Soybeans 10 to 12 cents higher
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