Happy St. Patrick's Day! St. Patrick is thought to have lived in the early 400's. He's known as one of Ireland's patron saints who brought Christianity to the Irish. Started as a Catholic Feast Day which marks his death, St. Patrick's Day has become more of a day of parades, drinking, parties, etc. A typical day for the Irish.
Dare I say that the 'luck of the Irish' played a role in the markets today. Everything was in the green! Corn finished up 7 cents at $3.74. Soybeans were up another 14 cents and closed at $9.59. Fresh fund buying, higher outside markets are lending support to corn, beans, and wheat, and a weak dollar helped us out today as well. Weather premiums may have played a roll. Final ethanol usage should increase 100mbu but with ethanol margins struggling and a few slowdowns occurring, this is less certain.
In regards to weather, we are going to have to say a few 'Hail Mary's' of our own if we want to see this nice weather last. It looks as if 70 degree days are going to end with snow later this week. Yes, there is a possibility that snow is going to come back to the Midwest. The greatest potential of snow looks to be Iowa and the northwest corner of Illinois. But don't be surprised if we get some precip late next week.
That's the way it is,
Nathaniel Dubravec
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment