Floor Talk March 16
Corn and beans were lower again overnight as favorable weather in Brazil and Argentina boosts prospects for crops. The Federal Open Markets Committee will decide today whether to bump interest rates again, as it did in December, or leave them unchanged, as many people are expecting.
At 6:30 am:
Brent Crude Oil = 1.7% higher.
West Texas Intermediate Crude Oil = 2% higher.
Dollar = up 0.2%.
Wall Street = U.S. stock futures barely higher in pre-market trading.
World Markets = Global stocks higher ahead of US Federal Reserve rate decision.
Re: Floor Talk March 16
Corn and soybeans were lower in early trading on Wednesday as favorable weather in South American countries improve crop prospects.
Drier weather the next six to 10 days in parts of central and southern Brazil will allow farmers to speed the harvest of soybeans, according to MDA Information Services Senior Agricultural Meteorologist Donald Keeney.
The Fed is expected to decide today whether to raise interest rates again or leave them unchanged, which would have an impact on loans of more than five years, so it bears watching.