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Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn +1, Soybeans +5 ½, Wheat -1, Crude -.72, Gold -3.30, Dollar +.27, Dow futures -52.
  • Dollar is trading into near 6 month highs.
  • Corn Planting Progress: 39% complete vs 17% last week, 44% average and 40% expected.
  • Soybean Planting Progress: 15% complete vs 5% last week and 17% average.
  • Winter Wheat Conditions: 34% good/excellent vs 33% last week and 53% last year.
  • Monday funds sold 15,000 corn, 16,000 soybeans, 8,000 wheat, 8,000 meal. Bought 2,000 oil.

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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