Tuesday, January 7, 2014

FC Morning Market Commentary for January 7, 2014

Good morning!

Average trade estimates are out for Friday’s big stocks/production/S&D reports from the USDA, traders are expecting both corn and soybean production to rise with soybean ending stocks staying tight while corn ending stocks balloon out a bit.  (details below).

In export news, the USDA announced this morning that another 350k MT of soybeans were sold to China for the current crop year (13/14).  This should lend support to a bean market that was lower last night.  Other than that – it is quiet.  Friday’s reports will eventually start to weigh on our markets, as traders remove risk prior to their release

Opening Calls
Corn steady/mixed
Soybeans 2c lower to 2c higher



Have a great day!
Dustin Weiner
Farmers Cooperative Company
Ames, IA

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