Thursday, October 17, 2013

FC Morning Grain Market Commentary for 10/17/2013

AM Comments 10/17/13

Thursday, October 17, 2013, 8:02 am
Submitted by: Dustin Weiner


Good morning!
 
Congress dodged a government default late last night by pushing – deciding to fund the gov’t until Jan 15th and increase the debt ceiling until Feb 7th.  So… government employees are back to work today.  In grain news, corn beans and wheat are working a bit higher this morning – traders are anticipating large export announcements from the USDA (once the data becomes available which could even be this morning).  These rumors we have been hearing about China buying US grains/oilseeds could finally be proven or disproven. 
 
Opening Calls
Corn 1 to 2 cents higher
Soybeans 4 to 5 cents higher
 
 
 

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