Good morning!
With no overnight session last night exact opening calls are hard to determine, although generally speaking our markets should open weaker, likely due to blurbs like this: “Additional light rains moved thru Argentina over the past 36 hrs with more light scattered showers expected over the next 72 hrs. Northern Cordoba, northern Santa Fe and Entre Rios got some rain and should see more today.”
Other than that it is quiet. The $US is higher again today, challenging the two week highs – normally this alone is bearish to commodities but interestingly enough gold is higher and crude oil is only slightly lower. The weekly export sales report that normally gets released Thursdaymornings has been delayed until tomorrow, due to the holiday.
Opening Calls
Corn 2-4c lower
Soybeans 5-8c lower
Have a great day!
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