Corn closed the day fractionally lower and traded in a narrow 2 cent range. New was fairly quiet today as traders seem to have taken a little bit of a break ahead of the long weekend. South American weather remains a big focus for the corn market. Beans took a break today closing 3 cents lower following 4 straight sessions of gains. Trade seems to be waiting to see if forecasted Argentine rain materializes and also hesitant to do much ahead of the 3 day weekend. Funds were estimated net sellers of 6,000 corn contracts and 9,000 bean contracts on the day. Outside markets saw a firmer U.S. Dollar Index, the Dow was up 18 points, and Crude Oil was 38 cents higher at $61.55/bbl.
President’s Day Holiday Schedule
Sunday, February 16th: Overnight markets will be closed.
Monday, February 17th: Grain market will be closed during the day. Markets will re-open at 7:00 PM for normal trading. Both Dalton City and Bethany locations will be closed.
This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account.
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