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Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn -1/4, Soybeans +1 3/6, Wheat -3, Crude +.27, Gold +1.4, Dollar -.185, Dow futures +40.
  • Brazil’s CONAB Jan Report showed an overall increase to production numbers from the previous report, but still down from last year’s crop.
  • Corn and Soybeans were within the expected range, wheat fell short of expectations.
  • Wheat trading lower because of above average precipitation for central and western US and shortfall in exports.
  • USDA Crop Report this Friday at 11am CST.

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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