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Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn +1, Soybeans +3 ¼, Wheat +2, Crude +.45, Gold +2.30, Dollar +.18, Dow futures +44.
  • Ukraine’s Ag Minister says that their 2017/18 grain exports are down 10% in the first half of the season.
  • November Census Crush Data: soybeans 5.12 MMT vs. estimates of 5.22 MMT and 5.12 MMT last year.
  • December Brazilian exports: corn 3.994 MMT vs. 3.520 MMT in November and 1.006 MMT last year; soybeans 2.356 MMT vs. 2.143 MMT in November and 0.653 last year.
  • Tuesday funds bought 6,000 corn, 3,000 soybeans, 5,000 wheat, 1,000 meal, 3,000 oil.
  • EIA Energy Stocks Report delayed until tomorrow due to the holiday.

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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