Monday Morning Agricultural Analysis

Farmhouse

by Dustin Weiner
of Farmers Co-Op

Good morning!

 

The USDA’s monthly S&D report is out later this morning (11am) and there isn’t much expected for action between now and then.  Overnight the Chinese soybean market was hammered, closing sharply lower along with a bunch of other commodities that were weaker.  Recent export data has been causing concerns about an economic slowdown over there – Chinese exports in February were surprisingly down 18.1% from last year in $US terms.  This apparent evidence of a ‘not too healthy’ Chinese economy sent shares down 2.9% in Shanghai, with Hong Kong stocks down 1.8% and Tokyo shares closing down 1.0%.

 

Opening Calls

Corn down 4 to 6 cents

Soybeans down 4 to 7 cents

 

Have a great day!

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