AM Comments 09/12/13
Thursday, September 12, 2013, 8:02 amSubmitted by: Dustin Weiner
Good morning!
With the USDA S&D report out at 11am this morning, the trade overnight was choppy/mixed/etc – use any type of adjective you want, it was pretty uneventful. Weekly export sales were released at 7:30 this morning and they were a little disappointing for both corn and beans. The futures markets were slightly lower when the overnight session paused at 7:45.
The cooler temps are finally working their way into the corn belt with scattered rains showing up with it. Overall, the next couple of weeks look to be more “active”, meaning: better chances of rain.
Early reports on harvest yields are showing impressive corn yields while beans yields are all over the place. After we get through the USDA’s production estimate today – all eyes will be on these yield reports.
Opening Calls
Corn down 2 to 3 cents
Soybeans down 3 to 5 cents
USDA REPORT ESTIMATES:
No comments:
Post a Comment