MARKET COMMENTARY
AM Comments 09/10/14
Wednesday, September 10, 2014, 8:09 AMSubmitted by: Dustin Weiner
The monthly S&D report will be out at 11am
tomorrow, and the markets seem quiet ahead of that. Traders are
expecting an uptick in both corn and soybean yields which
could help explain the selling we have seen the last few trading days.
Other than the report tomorrow – there isn’t much
out there for fundamental news. As you have no doubt heard from your
local weatherperson -- the cold weather is coming… temps are expected to
bottom out Friday night. The good news is
that frost risk is very low for the heavy corn growing areas of the
belt. In other weather stories – heavy rains slipped through southern
IA last night dropping anywhere from 3 to 6 inches of rain! The next 14
days look dry which will help get fields ready
for harvest. (8-14 day maps from NOAA are below)
Opening Calls
Corn steady to 1c lower
Soybeans steady to 2c higher
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