2014 Fall Policy is Available Click on 2014 Fall Policy-Bottom Left
Friday Morning Comments (10/24) Good morning. Higher trade in the overnights in heavy volume. The rally since the first of the month during active harvest continues to surprise the market. September was all about hammering the board with a big crop on the way and analysts trying to top each other regarding crop size. October seems to be about the continued lack of producer selling and the crop getting put away without as much issue as anticipated (there are obviously places that would contest that comment.) Harvest weather looks very good over the next four days and 75% of beans and 45% of corn are expected to be harvested by Monday. Money moving out of metals/energy/equities and into commodities continues to be mentioned as part of the reason for the rally in corn and beans, as does the strong meal basis in the eastern belt regarding beans. November options expire today and there is quite a bit of length in the SX 10.00 strike, which is where SX has gravitated, coincidence or not. There has been a slight increase in producer selling interest. Have a safe harvest day and weekend.
Comments from Mid-Co Commodities Have a good & safe day.
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