Monthly Archives: September 2014

MidCo Morning Comments

Good morning. Corn and soybean markets are little changed this morning as traders await tomorrow’s quarterly stocks report. Wheat has rallied modestly overnight on the recent upturn in export sales. The Dollar is weaker this morning which is also supporting wheat. China is said to be buying Brazilian soyoil for November – December shipment.  Commodity funds are now holding a record short wheat position. Harvesting activity increased over the weekend as the weather was nearly ideal

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MidCo Morning Comments

Good morning. Corn and soybeans are little changed this morning while wheat trades lower. Fresh news continues to be scarce – weather and yields remain good and are keeping pressure on prices while some support is coming from the approaching month/quarter end as well as the quarterly stocks report next Tuesday. The nearly perfect weather we have enjoyed this week will continue into next week with many producers cutting beans the next few days. Bean basis

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