Good morning!
The news wire is extremely quiet this morning as new fundamental news is hard to come by. As mentioned yesterday, the stories regarding China defaulting on soybean purchases are still out there and are likely the reason that soybean prices suddenly feel so heavy.
The weather looks great out there… for the next day and a half or so. After that a cooler and wetter forecast will take hold. The moisture of course will be welcomed with open arms. I also stuck a chart on the bottom of these comments reflecting increased chances of an El Nino this summer. Generally speaking, an El Nino would be good for the crops here in the U.S. Midwest (cooler, wetter summers) – it just needs to get here in time.
Opening Calls
Corn steady to down 2 cents
Soybeans down 6 to 9 cents
Have a great day!
@fccoopgrain
No comments:
Post a Comment