Closing Comments
Lynn Miller
December 30th, 2015
At the pause Corn is +1, Beans +3 ½, Spring Wheat +1 ¼ and Winter Wheat +2.
Just two trading days left in 2015. Most activity this week is position squaring for year-end. Dollar is slightly higher this morning, and with commodities failing to raise a story of their own, is probably the biggest headwind we have in grains at the moment. Crude is trying to be higher, talk of US crude exports next month is supportive, and higher crude in general is supportive grains. With rains forecast in problem areas of Brazil and Argentina, we don’t have much to trade today in terms of weather for the bean market. Just the same, wheats need a weather story to trump the technical and give us some direction. Look for a light volume day.
Try Cash Cow Farmer Free for 30 Days
Top Trending Reads:
