MARKET COMMENTARY
AM Comments 09/25/14
Thursday, September 25, 2014, 7:09 AMSubmitted by: Dustin Weiner
When corn and soybeans paused at 7:45 this morning they were both ¼ of a cent higher. So… not a lot of big news out today as you can imagine. The weather forecasts are starting to look a little more active for late next week which could throw a wrench into our harvest progress as rains move into the western belt. The temps though – they look to remain above normal in the 6-10 day maps with no signs of frost to be seen. It is worth noting that in the 8-14 day maps, temps slip back to a more normal/seasonal pattern.
Export sales were out this morning – big soybean sales and decent corn sales but this was all right in line with expectations so no surprises there. Overall for today, the wet weather might be enough to keep corn and soybeans out of the red for a while – but with crops that appear to still be growing in size… don’t be surprised with lower prices as we get closer to the end of the week.
Opening Calls
Corn steady/mixed
Soybeans steady/mixed
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