AM Comments 06/10/13
Monday, June 10, 2013, 7:53 amSubmitted by: Dustin Weiner
Good morning!
The corn and soybean markets are all lower this morning on less than expected rainfall over the weekend and improved planting conditions in many areas. The USDA’s weekly planting progress report is out later this afternoon – with corn expected to be around 95% planted while soybeans should be 70% planted. I think I am most interested in next Monday’s planting progress – that should be the last progress report on corn and will give us a rough idea on how many acres didn’t get planted…
Other than that – not much going on. The outside markets are mixed with the $US rallying while equities are also bouncing higher.
Opening calls
Corn 7 to 10 cents lower
Soybeans 10 to 15 cents lower
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