Mike Howlett of Top Third Ag Marketing says we have a weaker outside market at open today. Crude lower, gold higher, and European financials. It will be an erratic trade today. Crop condition report will come out after close (expected lower). Grain prices seem to be separating from the outside markets. For 2012 several other countries are planning to increase their acerage of crops to take advantage of high prices. High prices will increase supply and perhaps lower prices in 2012.
AgWeb Radio: Opening Commentary
Mike Howlett of Top Third Ag Marketing says expected open this morning: Corn dn 5-7, Bean 16-20 lower, and Wheat 9-11 lower.
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