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Morning Outlook

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Overnight Highlights

  • Overnight markets have corn – ¾, soybeans flat, wheat – ¼, crude oil -.44, dollar -.16, gold +2.10 and the Dow +1.
  • Grain markets trading mixed with activity slowing before the holiday.
  • Wednesday Funds sold 10,000 soybeans, 2,000 wheat, 8,000 oil. Even corn and meal.
  • USDA will be releasing this month’s Cattle on Feed report Friday at 11:00 am.
  • The CME grain markets will close early today at 12:05pm CT and will be closed on Monday in observance of Christmas.

Commodity Weather Group Forecast

 

 

All opinions expressed in this commentary are solely those of Water Street Advisory. 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 reliable, we cannot guarantee its accuracy or completeness. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors.

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