Good morning!
The overnight weather models displayed a wetter
forecast for most of the ‘problem areas’ - Northern Saturday
night are now a little wetter (.5” - 1.25”) and show
70-80% coverage. This is not good for the planters that are desperate
to start rolling again. Most of the strength you will see from a
weather report like this falls on the back end (new crop) portion of the
market. With corn
mostly in the ground – the soybean futures will get the biggest boost out of news such as this.Missouri into Southern Minnesota. The thunderstorms that are projected for
Outside markets… a slightly friendly (if that’s
what you want to call it) jobs report has the Dow futures bouncing
higher. The $US was under big big pressure yesterday and looks like it
could stay weak today which should give commodities
(like corn and soybeans) a little strength.
Opening Calls
Corn 2 to 7 cents higher
Soybeans 12 to 20 cents higher
Have a great day!
Dustin Weiner
