Grain markets bounced today after seeing a couple sessions of lower trade. Corn saw some short covering in today’s session along with a strong weekly export sales number which helped push us around a dime higher. There was also some support that looked to be coming from rumors that the EPA will release the new 2014 and 2015 bio fuel mandate in the near future. The bean market was better despite weekly export number being a little disappointing this morning for beans; soy meal exports were above expectations and helped set the positive tone. The USDA also announced an export sale of 140,000 MTs of beans to an unknown following a few additional sales earlier in the week which was also supportive. Funds ended the day being net buyers of 12,000 corn contracts, 5,000 bean contracts, and 4,000 wheat contracts. Outside the grains we saw the Dollar Index down 7 basis points, the Dow was up 8 points, and Crude Oil was up $1.10/bbl in late trade.
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.
Make us your homepage
Follow the steps below to make Farmers Coop Grain Co of Dalton automatically appear when you launch your browser and when you click the Home button:
Open the Edit menu and choose Preferences.
Select the Navigator category.
Choose Home page under Navigator starts with.
In the Home page section, type http://www.heritagegrain.com in the Location box.