Closing Comments
Lynn Miller
December 22nd, 2015
Yet another quiet morning session with Corn +1/4, Beans +1/2, Spring Wheat +1 and WW +2 ½ at the morning pause. The dollar is trading at a 4-day low sparking some interest in crude and should support commodities. Beans are hesitant today as the market realizes weather is a real threat in S. America, but no one will trade weather until things intensify so we may be entering a wait and see mode here especially with the holiday. Corn market is nervous as Argentine farmers have been sellers of corn which now allows them to move significant quantities into the world market. Wheat is at the mercy of the funds. Without an immediate weather threat and large world stocks what we have left to drive this market is short covering.
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