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Monday Morning Comments (1/26) Good Morning. News is quiet this morning as grains are still being mostly influenced by outside markets. The dollar is higher again this morning as concerns over economic conditions around the world offer support to our currency. Brazil did see some rain over the weekend which is keeping a lid on soybeans. The standard weekly demand reports will likely be the highlight of the news this week. Export inspections are out this morning. The weather here locally looks good this week. The two week forecast suggests some chilly weather returning but moisture is expected to be light. The east coast is expected to get hit with lots of snow early this week. Support for March corn near $3.82 today with the bottom of the recent channel at $3.75. March beans tested last week’s low overnight at $9.67. It is unlikely that the producer has much interest this week if the current range holds. Should be another quiet session.
Comments from Mid-Co Commodities Have a good & safe day!
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2015 Crop As you make plans for your 2015 crop, Stanford Grain will accept grain with the Viptera trait but WILL NOT accept corn with the Duracade trait. Thank You for your cooperation.