AM Comments 04/22/13
Monday, April 22, 2013, 7:47 am
Submitted by: Dustin Weiner
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Good morning!
Our markets are all lower this morning on very little news –
the weather forecasts look a little better than they did last week, which is
where most of the bearishness is coming from. Weather in the short term still
looks a little cool and wet but with warmer, drier temps coming in late this
week along with an 11-16 day forecast that also looks to be more seasonal – the
markets are taking a breather.
Other than that? It is quiet. We are firmly entrenched in a
weather market, and will likely stay there for a couple months! J If these warmer, drier forecasts come
to fruition – there is likely additional downside risk (especially in corn) as
the planters roll.
Opening Calls
Corn 7 to 10 cents lower
Soybeans 7 to 10 cents lower
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