Thursday Morning Agricultural Analysis

by Dustin Weiner
of Farmers Co-Op

Good morning!

 

The corn and soybean markets were both lower last night on very little news.  Helping cause the weakness was the updated PMI number out of China – showing the slowest growth (manufacturing) in 7 months.  Asian financial markets were of course under pressure after that news.

 

The USDA Ag Outlook forum starts today, they have released a “flash” look at what they will be talking about (almost in the form of ‘slides’ for a presentation) with the actual numbers being officially updated tomorrow.

 

Opening Calls

Corn steady to down 2 cents

Soybeans steady to down 5 cents

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