~~Ending stocks and markets mixed.
The September 30th report was mixed with corn stocks near average, soybeans just below average but within the trade range and wheat stocks came in on the low endo of the range. On the evening session November 2015 soybeans opened at $8.915 and was flat to positive throughout the night with the high being seen at 9:30 a.m.
As the day went on the corn and wheat stayed positive while most of the commodity markets turned negative on news of global indicators turning negative. Not even the Dollar Index could stay positive. There was a mention on CNBC that the third quarter 2015 is the worst quarter in commodities since 2010.
On that note, commodities may continue with erratic markets until we see some definition of trend in global economies.
If anyone feels they need to put structure into their risk management program and would like to discuss marketing strategies, call Bob or Laura (1-800-832-1488). If you have questions, we welcome emails to [email protected] or [email protected].
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