AM Comments 12/27/12
Thursday, December 27, 2012, 8:06 amSubmitted by: Dustin Weiner
Good morning!
Our markets are mixed today with corn and wheat lower while soybeans recover a bit and are trading higher. The wheat market in particular is having a tough go of it – putting in new lows for the move last night, the lowest level in 6 months. This weakness today feels like a continuation from yesterday’s sell-off. As we approach the end of the year we are seeing liquidation as funds work on rebalancing their positions – selling some sectors while buying others.
Other than that, it looks to be another relatively quiet, low volume day.
Currently
Corn is down 1 to 2 cents
Soybeans are up 6 to 8 cents
No comments:
Post a Comment