January 2, 2013
Producer Marketing Manager
Happy New Year!
Overnight markets did not trade due to the New Year’s Day Holiday. Trade resumes at 9:30 this morning and early calls look to be higher: Corn up 4-5, Soybeans up 15+, Wheat up 10+.
Outside markets are higher this morning as investor attitude has been in a buy mode since the fiscal cliff agreements were reached by Congress yesterday. The 2008 Farm Bill was extended mostly unchanged with the agreement.
What to watch for: USDA S/D Report out on January 11th.