AM Comments 12/04/13
Wednesday, December 4, 2013, 8:34 amSubmitted by: Dustin Weiner
Good morning!
It was a quiet overnight session and is expected to be a pretty quiet day session as well. There is a lack of fresh news in the marketplace to discuss. Stats Canada did come out with their production numbers this morning showing that Canadian farmers produced a record 37.53 million tons of wheat in 2013, up 38% from last year and also above market guesses. Canola production was also above guesses which is putting pressure on the soybean market.
Other than that – quiet. Weather in South America still looks good and winter is coming here in the U.S. with the two week forecast showing below normal temps and normal to above normal precip.
Currently
Corn is down 1 to 3 cents
Soybeans are down 3 to 5 cents
No comments:
Post a Comment