Monthly Archives: January 2016

MidCo Update

Higher markets today, regaining much of yesterday’s loss on broad-based rally. The nice rally in crude has eroded as news discounts the ideas of a production cut. Previous comments regarding a Saudi proposed production cut seems to be bogus. Oil tests support at the 20 day, beans held yesterday’s low, corn back above the 50 day. The cash market is firming a touch this morning ahead of next week’s storm. Weekly export sales as expected with corn @ 32.2, beans

MidCo Morning Comments

Good morning. Grains and soybeans have traded in small ranges overnight as we start the final trading day of the month. Markets have been able to right themselves after yesterday’s selloff, but no rebound was seen overnight.  Outside markets are mixed – crude is up half a dollar and the Dow is expected to open higher but the Dollar is showing moderate strength. Russia said that it will not change wheat export duties. The drier crop areas of Argentina are