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Friday, October 3, 2014
FC Morning Grain Market Commentary for 10/3/2014
AM Comments 10/03/14
Friday, October 3, 2014, 7:10 AM Submitted by: Dustin Weiner
The corn and soybean markets traded for most of the night session steady to a little higher but as the markets crept towards the 7:45am pause they turned lower, making new lows for the day. This was all done on very little volume, meaning it was a thin trade overnight.
There isn’t a lot of news to go on this morning except that the outside markets are making it awfully difficult to sustain rallies. The $US keeps getting stronger and stronger which is not good for commodities as this causes us to be less competitive in the world markets. Later this morning Informa (well followed private company) will be out with their crop production estimates. Remember, next Friday the 10th is when the USDA releases their Oct S&D report.