Tuesday, February 25, 2014

FC Morning Grain Market Commentary for 2/25/2014

AM Comments 02/25/14

Tuesday, February 25, 2014, 8:26 am
Submitted by: Dustin Weiner


Good morning!
 
When the overnight session paused at 7:45am today, both corn and soybean futures were quiet – trading near steady after being weaker most of the night.  At 8am this morning the USDA announced an export sale of 568k MT of 13/14 (old crop) U.S. soybeans to unknown (probably China).  This is a little wild considering most are sitting on the edges of their chairs waiting for 8am cancellations to show up not new sales.  This could/should support beans on the 8:30am open
 
Opening Calls
Corn steady to 1c higher
Soybeans steady to 3c higher
 
 

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