|
|
|
| Daily Commentary |
Commentary for 3/27/2009 03/30/09 8:52:20 PM
FRIDAY 3/27/09 - A.M.
CBOT futures markets will circle, scramble and re-test recent ranges in an attempt to locate a 'comfort zone' ahead of the USDA's 'March plantings and quarterly stocks reports.' Rains on the US HRW Plains and a firmer buck could dilute upside ambitions. Industry wags predict big corn and bean acreage and significantly smaller wheat plantings.
Compared to Chicago, SWW cash bids plot similiar, but less volatile course. Sporadic country selling noted.
FRIDAY 3/27/09 - P.M.
The Gov's report and weekend precipitation levels are the next big events.
|
|