Midday Update

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Midday Update

********* January options expire today, with $10.40 strike price looking at=
tractive for traders with skin in the game, followed by $10.20 strike.

********* Malaysian palm oil traded to a one-month high as the worst floods=
in decades threaten production, providing a boost for soyoil.

********* Reuters – Egypt’s Supplies Minister says that Russia assured him =
a deal to import 4.4 million bushels of wheat from that country in January =
will be met.

********* Up to 30 to 60% of Plains hard red winter wheat belt at risk of s=
ome winterkill New Year’s Eve, depending on final intensity and duration of=
cold.

********* Unwinding of corn/wheat spreads support corn at expense of wheat =
this morning.

********* Corn futures are up 5 cents on strong demand/slow farmer selling.

********* Soybeans are up 14 cents on technical/option expiration and Malay=
sian floods.

********* Wheat is up 2 cents in Chicago, 3 cents in KC & 4 cents in Minnea=
polis, following the other markets, with eyes on next week’s Arctic outbrea=
k for the Plains.

********* Live cattle are modestly mixed; Support comes from strong cash ma=
rket on Wednesday, with pressure coming from a collapsing feeder cattle mar=
ket. Boxed beef movement is very slow on firmer prices.

********* Feeder cattle are $2.75 to $3.30 lower on anemic demand and beari=
sh charts.

********* Lean hogs are $0.50 to $1.00 lower on weak cash and product price=
s following Tuesday’s bearish quarterly hogs and pigs report.

All opinions expressed in this commentary are solely those of Water Street =
Advisory. This data and these comments are provided for information purpose=
s only and are not intended to be used for specific trading strategies. Alt=
hough all information is believed to be reliable, we cannot guarantee its a=
ccuracy or completeness. There is significant risk of loss involved in comm=
odity futures and options trading and may not be suitable for all investors=
.

www.waterstreet.org
or 1-866-249-2528

Arlan Suderman | Senior Market Analyst
WATER STREET ADVISORY(r) | www.waterstreet.org
(316) 729-4599 | asuderman@waterstreet.org

Past performance is not indicative of future results. The information conta=
ined in this report is intended for informational purposes only and is the =
opinion of the writer and may change at any time. This information was comp=
iled from sources believed to be reliable but accuracy cannot be and is not=
guaranteed. There is no warranty, expressed or implied, in regards to this=
information for any particular purpose. There is SIGNIFICANT RISK involved=
in trading futures and or options on futures and may not be suitable for a=
ll investors. Investors should consider these RISKS and evaluate their suit=
ability based on their financial conditions. No one should ever consider tr=
ading futures or options on futures with anything other than RISK CAPITAL. =
This information is provided freely and is NOT in the capacity of a trading=
advisor. NO LIABILITY on the part of the author exists for any trading los=
s you may incur in the use of this information. Information provided is not=
to be construed as an offer to sell or solicitation to buy any commodity o=
r security named herein.

The information contained in this e-mail message is intended only for the p=
ersonal and confidential use of the recipient(s) named above. This message =
may be an attorney-client communication and/or work product and as such is =
privileged and confidential. If the reader of this message is not the inten=
ded recipient or an agent responsible for delivering it to the intended rec=
ipient, you are hereby notified that you have received this document in err=
or and that any review, dissemination, distribution, or copying of this mes=
sage is strictly prohibited. If you have received this communication in err=
or, please notify us immediately by e-mail, and delete the original message=
. Water Street Solutions is an equal opportunity provider. Water Street Sol=
utions is an equal opportunity employer.

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Midday Update


·      &nbs=
p; 
January options expire today=
, with $10.40 strike price looking attractive for traders with skin in the =
game, followed by $10.20 strike.


·      &nbs=
p; 
Malaysian palm oil traded to=
a one-month high as the worst floods in decades threaten production, provi=
ding a boost for soyoil.


·      &nbs=
p; 
Reuters – Egypt’=
s Supplies Minister says that Russia assured him a deal to import 4.4 milli=
on bushels of wheat from that country in January will be
met.


·      &nbs=
p; 
Up to 30 to 60% of Plains ha=
rd red winter wheat belt at risk of some winterkill New Year’s Eve, d=
epending on final intensity and duration of cold.


·      &nbs=
p; 
Unwinding of corn/wheat spre=
ads support corn at expense of wheat this morning.


·      &nbs=
p; 
Corn futures are up 5 cents =
on strong demand/slow farmer selling.


·      &nbs=
p; 
Soybeans are up 14 cents on =
technical/option expiration and Malaysian floods.


·      &nbs=
p; 
Wheat is up 2 cents in Chica=
go, 3 cents in KC & 4 cents in Minneapolis, following the other markets=
, with eyes on next week’s Arctic outbreak for the
Plains.


·      &nbs=
p; 
Live cattle are modestly mix=
ed; Support comes from strong cash market on Wednesday, with pressure comin=
g from a collapsing feeder cattle market. Boxed
beef movement is very slow on firmer prices.


·      &nbs=
p; 
Feeder cattle are $2.75 to $=
3.30 lower on anemic demand and bearish charts.


·      &nbs=
p; 
Lean hogs are $0.50 to $1.00=
lower on weak cash and product prices following Tuesday’s bearish qu=
arterly hogs and pigs report.

 

All op=
inions expressed in this commentary are solely those of Water Street Adviso=
ry. This data and these comments are provided for information purposes only=
and are not intended to be used for
specific trading strategies. Although all information is believed to be re=
liable, we cannot guarantee its accuracy or completeness. There is signific=
ant risk of loss involved in commodity futures and options trading and may =
not be suitable for all investors.

3D"cid==

3D"cid:imag=<= /p>

3D"cid:image012.png@01C=

www.waterstreet.org 

or 1-866-249-2528

 

 

3D"https://www.hoosieragtoday.com/wp-content/uploads/2017/05/purdue-news.png"

Arlan=
Suderman | Senior Market Analyst
WATER STREET ADVISORY® | www.waterstreet.org
(316) 729-4599 | asuderman@waterstreet.org

Past =
performance is not indicative of future results. The information contained =
in this report is intended for informational purposes only and is the opini=
on of the writer and may change at any
time. This information was compiled from sources believed to be reliable b=
ut accuracy cannot be and is not guaranteed. There is no warranty, expresse=
d or implied, in regards to this information for any particular purpose. Th=
ere is SIGNIFICANT RISK involved
in trading futures and or options on futures and may not be suitable for a=
ll investors. Investors should consider these RISKS and evaluate their suit=
ability based on their financial conditions. No one should ever consider tr=
ading futures or options on futures
with anything other than RISK CAPITAL. This information is provided freely=
and is NOT in the capacity of a trading advisor. NO LIABILITY on the part =
of the author exists for any trading loss you may incur in the use of this =
information. Information provided
is not to be construed as an offer to sell or solicitation to buy any comm=
odity or security named herein.
<= /p>

The i=
nformation contained in this e-mail message is intended only for the person=
al and confidential use of the recipient(s) named above. This message may b=
e an attorney-client communication and/or
work product and as such is privileged and confidential. If the reader of =
this message is not the intended recipient or an agent responsible for deli=
vering it to the intended recipient, you are hereby notified that you have =
received this document in error
and that any review, dissemination, distribution, or copying of this messa=
ge is strictly prohibited. If you have received this communication in error=
, please notify us immediately by e-mail, and delete the original message. =
Water Street Solutions is an equal
opportunity provider. Water Street Solutions is an equal opportunity emplo=
yer.

 


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