AM Comments 01/04/13
Friday, January 4, 2013, 8:09 amSubmitted by: Dustin Weiner
Good morning!
Our markets are mixed to a little higher this morning. The USDA’s weekly export sales report was out – once again (not surprisingly) it showed dismal corn exports. Soybean exports were actually a touch above expectations but poor soybean meal exports are weighing the soy complex down this morning.
The $US is higher again after minutes from the Fed’s December meeting showed that the bond buying spree may come to an end sooner than thought. This is bearish to commodities.
Informa (private company) will be release their updated 2012 production guesses later this morning. This may give us a little insight on what to expect in next Friday’s USDA S&D report.
Currently
Corn is steady to down 1 cent
Soybeans are steady to up 2 cents
USDA Weekly Export Sales Report Details (wk ending 12/27/12):
No comments:
Post a Comment