AM Comments 05/16/13
Thursday, May 16, 2013, 8:24 am
Submitted by: Dustin Weiner
Good morning!
Our markets chopped around last night and ended up trading mostly higher on very little news. Weather forecasts look pretty much unchanged from yesterday, so there is nothing new on that front. Scattered small showers to end the week with good chances coming Sunday.
The weekly export sales report was out this morning, and it looks pretty much as expected for corn, soybeans and wheat. Nothing there to move the markets a whole lot.
Planters are rolling hard which is causing traders to attempt to look ahead to next Monday afternoon’s planting progress report. Most are expecting a big jump in overall US acres planted to corn. But how big can it be? The report issued this past Monday had the US pegged at 28% planted versus 65% on average. It would take a historic week of planting to get anywhere close to average.Farmers Cooperative - Market Commentary Details
No comments:
Post a Comment