MARKET COMMENTARY
AM Comments 7/11/2014
Friday, July 11, 2014, 8:07 AM
Submitted by: Joel Pudenz
Submitted by: Joel Pudenz
Report day. Monthly S&D’s will be released later this morning at 11:00. The trade is estimating a slight increase in corn and soybean production vs. the June S&D report – which is likely already built into the market. Corn yield is estimated at 166.1 bu/acre, bean yield at 45.1 bu/acre. We are seeing some support for prices this morning with some short covering ahead of the report. Look for the market to be a bit choppy ahead of 11:00. Rainfall and cooler temperatures this weekend and next week for Iowa.
Opening Calls:
Corn 1 to 2 higher
Soybeans 1 to 2 higher
6-10 Day Temperature and Precip. Outlooks:
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