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Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn even ,  Soybeans +4 ¾, Wheat – ½, Crude +.32, gold +7.10, Dollar +.18, Dow futures -55.
  • Markets mixed overnight as focus is squarely on the USDA report at 11am CDT.
  • USDA’s FSA will also release acreage data today.
  • USDA weekly export sales report at 7:30am CDT.
  • EIA ethanol production was up 10K barrels/day from last week and stocks increased by 495K barrels to 21.3 million barrels.
  • Wednesday funds bought 7,000 corn, 2,000 wheat, 3,000 oil. Sold 2,000 soybeans, 2,000 meal.

Commodity Weather Group Forecast

 

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