FC Morning Grain Market Commentary for 5/10/2013

AM Comments 05/10/13

Friday, May 10, 2013, 8:05 am
Submitted by: Dustin Weiner

Good morning! 

 It was a relatively quiet night last night as the trade patiently waits for the 11am USDA Supply & Demand report.  The corn market is coming under a little pressure on updated weather maps showing next week to be drier and warmer than thought yesterday.  For us here in Iowa – all eyes are on the rain chances for next Wednesday which currently look to be small and spotty.  For the producers that miss that rain, it looks like a nice planting window will open up.

 The outside markets are a mixed/bearish input this morning.  The equity markets are trading higher but the $US is also higher, helping push energies and metals lower.

 

5-Day Precip Forecast:

  http://www.fccoop.com/markets/commentary_detail.cfm?CommentaryID=1704