Morning Comments December 29, 2016

Good morning!

 

Weather in South America is what is being talked about the most.  Who is and who isn’t getting the rain.  Trade continues to follow weather forecasts for South America.

New crop beans SX 17 back to 10.000 on the futures.

Crude closed at near level highs since mid 2015 yesterday at around $54.00.

Fund traders were net sellers yesterday of both corn and beans.

Dollar is trending lower, which is positive for grain commodities.

 

Not a lot of new news in the markets to end the year.

 

Markets close at normal times today and tomorrow.  Markets are closed on Monday.