Mid-Day Market Update 2.5.14 As of 11:15 am Corn-- Mar 14: $4.41 ¼ down ½ Dec 14: $4.56 ¾ down $0.02 ½ Soybeans— Mar 14: $13.14 ½ up $0.01 ¼ Nov 14: $11.11 ¾ up $0.01 ¼ Randolph Cash snapshot: Jan 14 Corn: $4.21 Jan 14 Beans: $12.78 Comments: Quietly mixed trade on Wednesday. The overnight session saw Tuesdays rally extended to new highs for the move, only to sell off early in the morning. The day session has been volatile with beans up 8 cents early to down 4 cents in a matter of minutes. Corn has resumed its tight daily trading range routine. Concerns are mounting over dry weather in Brazil. While it may be beneficial for harvest, late planted beans are feeling stress, as is the corn crop. Also, Argentina is feeling the stress of too much rain. Nearby futures should stay supported on tight balance sheet prospects. USDA is out Monday with the latest round of supply and demand estimates. Look for choppy trade to continue leading into the report. This material has been prepared by a sales or trading employee or agent of Interstate Mills, LLC and should be considered a solicitation. The information contained in this presentation is taken from sources which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is sent to you for information purposes only. There is a risk of loss when trading commodity futures and options. Interstate Mills, LLC bases its recommendations solely on the judgment of Interstate Mills, LLC personnel.
Posted on: Wed, 05 Feb 2014 17:30:15 +0000
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