AM Comments 06/05/13
Wednesday, June 5, 2013, 8:14 amSubmitted by: Dustin Weiner
Good morning!
The futures markets were quiet last night with very little fundamental news to go off of. The weather forecasts don’t appear to have changed much with rains today and rains this weekend. Now – some of the extended models have turned drier, showing precip as maybe switching to below normal in the 11-15 day. Of course, there are some out there who disagree with that…
It was a low volume trade yesterday and today could be similar to that – which means price action could be choppy. Cash movement is light which is allowing the front end of the market to have a little strength while the back end slips.
Opening Calls
Corn 3c lower (new crop) to 3c higher (old crop)
Soybeans 8c lower (new crop) to 3c higher (old crop)
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