Good morning!
A.M Comments March 15, 2013
Today looks to be a quiet day with very little new
news to talk about. The $US is sharply lower this morning which should
benefit commodity prices overall.
The USDA’s stocks and acreage report is now less
than two weeks away – the bulls feel that the stocks number will reflect
higher demand than expected – pushing nearby May futures in both corn
and soybeans higher. The bears feel that the
record soybean crop in South America and overall world weather outlooks
that look “normal” are telling us current prices are too high.
Currently
Corn is steady to down 2 cents
Soybeans are 3 to 5 cents higher
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