AM Comments 03/12/13
Tuesday, March 12, 2013, 7:58 amSubmitted by: Dustin Weiner
Good morning!
Our markets are starting the day off steady to weaker. Yesterday our markets put in some nice gains, causing farmer selling to pick up a bit. By looking at the overnight trade, the corn and soybean markets appear to be taking a breather - backfilling part of yesterday’s move. The financial markets also appear to be taking a break as the Dow futures are trading lower after being higher 7 days in a row.
The Brazilian soybean crop is reported at 50% harvested, with the 10-day outlook looking favorable for continued harvest. (normal temps, normal precip)
Currently
Corn is steady to 1c higher
Soybeans are 7 to 10 cents lower
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