AM Comments 09/27/13
Friday, September 27, 2013, 8:12 amSubmitted by: Dustin Weiner
Good morning!
The markets were pretty quiet last night – with the Quarterly Stock Report coming Monday and a harvest weekend ahead of us, we shouldn’t be too surprised. This stocks report isn’t expected to do much to our markets, BUT the last two Sept stocks reports have caused limit moves (one way or the other), so… you never know.
Weather for the US still looks bearish with warmer and relatively drier conditions in the forecasts. South American weather may be a little bearish as well because Argentina is expected to get some much needed rains this weekend. Planting had been delayed down there due to dry conditions.
Opening Calls
Corn down 1-2 cents
Soybeans up 3 to 5 cents
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