By this morning, corn prices are under a bit of pressure from a firming dollar and softening crude oil prices. We look for corn to open 2 to 3 cents lower and soybeans to open 1 to 3 higher
Daily CME spot market prices:
Block cheese: $2.11 (unchanged)
Barrel cheese: $2.0725 (up 0.25 cent)
Butter: $2.14 (unchanged)
Grade A NFDM: $1.655 (up 0.50 cent)
These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. Commodity trading is risky and FCStone Group, Inc., International Assets Holding Corporation, and their affiliates assume no liability for the use of any information contained herein. Although all information is believed to be reliable, we cannot guarantee its accuracy and completeness. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples. References to and discussions of exchange traded products are made solely on behalf of FCStone, LLC. References to and discussions of OTC products are made solely on behalf of INTL Hanley, LLC, and OTC products are only available to eligible counterparties.