Morning Comments March 14, 2017

OPENING CALLS:

CORN steady to -1

SOYBEANS -6 to -7 


 

Good morning!

 

Grains mixed this morning with corn steady and beans trading lower. Yesterday we saw corn close down 3 cents and beans close steady. We are still seeing increased pressure from South America as weather related issues diminish. However, the export report yesterday showed we are still seeing pretty good demand for this time of year.

 

Market is waiting for the USDA acreage report at the end of the month, but still watching everything about South America.Increased bean acres and decreased corn acres are expected.  No fresh political news lately… anything new could shake things up.

 

Our speaker series continues tomorrow with Chad Hart of ISU. With regard to the futures markets, all of these speakers have been given the topic of Where have we been? Where are we currently? Where are we going? Please plan to join us for one of these meetings. Tomorrow’s meeting is in Ames, starting with registration at 10 a.m., meeting at 10:30 and lunch at 11:30. 

 

The Town Hall meetings also continue this week: Today at 11 a.m. in Rockwell City; Today at 6 p.m. in Templeton; Wednesday at Noon in Ames; Thursday at 6 p.m. in Menlo.  Hope you will be able to attend one of these as well.