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Midday Update

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Midday Update

* Export sales for the week ending December 18 totaled 67.1 million=
bushels of old crop corn (strong), 23.4 million old- & 55.0 million new-cr=
op soybeans (strong), and 10.8 million bushels of wheat (average)
* USDA’s Weekly Grain inspections showed 24 million bushels of corn=
exported, 52.3 million bushels of soybeans for export, and 7.3 million bus=
hels of wheat for export.
* Indonesia and Malaysia are continuing to deal with heavy rains an=
d flooding , the forecasts will remain wet for a few more days before they =
get a break. The harvest, transportation, and crushing of new supplies cou=
ld impact into early January.
* Corn futures have turned lower on the day, down 3 cents.
* Soybean futures are also lower down 2 cents and soymeal down $3.9=
0, while oil is still higher up .60 providing a mixed feeling in the bean c=
omplex.
* Wheat futures are down 2 cents on the Kansas City market, while C=
hicago is down 2 and Minneapolis is down 1 cent.
* Live cattle futures are very strong, up $2.00 to $3.00 in 1 contr=
act month, as feeder cattle seem to be leading the way
* Feeder cattle are up $4.00 in most contract months.
* Lean hogs are up $.30 to $.80.

All opinions expressed in this commentary are solely those of Water Street =
Advisory. This data and these comments are provided for information purpose=
s only and are not intended to be used for specific trading strategies. Alt=
hough all information is believed to be reliable, we cannot guarantee its a=
ccuracy or completeness. There is significant risk of loss involved in comm=
odity futures and options trading and may not be suitable for all investors=
.

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www.waterstreet.org
or 1-866-249-2528

[https://www.hoosieragtoday.com/wp-content/uploads/2017/05/purdue-news.png]

Aaron Hodge | Market Associate
WATER STREET ADVISORY(r) | www.waterstreet.org
(309) 680-1200 | ahodge@waterstreet.org

Past performance is not indicative of future results. The information conta=
ined in this report is intended for informational purposes only and is the =
opinion of the writer and may change at any time. This information was comp=
iled from sources believed to be reliable but accuracy cannot be and is not=
guaranteed. There is no warranty, expressed or implied, in regards to this=
information for any particular purpose. There is SIGNIFICANT RISK involved=
in trading futures and or options on futures and may not be suitable for a=
ll investors. Investors should consider these RISKS and evaluate their suit=
ability based on their financial conditions. No one should ever consider tr=
ading futures or options on futures with anything other than RISK CAPITAL. =
This information is provided freely and is NOT in the capacity of a trading=
advisor. NO LIABILITY on the part of the author exists for any trading los=
s you may incur in the use of this information. Information provided is not=
to be construed as an offer to sell or solicitation to buy any commodity o=
r security named herein.

The information contained in this e-mail message is intended only for the p=
ersonal and confidential use of the recipient(s) named above. This message =
may be an attorney-client communication and/or work product and as such is =
privileged and confidential. If the reader of this message is not the inten=
ded recipient or an agent responsible for delivering it to the intended rec=
ipient, you are hereby notified that you have received this document in err=
or and that any review, dissemination, distribution, or copying of this mes=
sage is strictly prohibited. If you have received this communication in err=
or, please notify us immediately by e-mail, and delete the original message=
. Water Street Solutions is an equal opportunity provider. Water Street Sol=
utions is an equal opportunity employer.

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Midday=
Update


·        
Export sales for the week ending December 18 totaled 67.1 mill=
ion bushels of old crop corn (strong), 23.4 million old- & 55.0 million=
new-crop soybeans (strong), and 10.8 million bushels
of wheat (average)


·        
USDA’s Weekly Grain inspections showed 24 million bushel=
s of corn exported, 52.3 million bushels of soybeans for export, and 7.3 mi=
llion bushels of wheat for export.


·        
Indonesia and Malaysia are continuing to deal with heavy rains=
and flooding , the forecasts will remain wet for a few more days before th=
ey get a break.  The harvest, transportation,
and crushing of new supplies could impact into early January.= span>


·        
Corn futures have turned lower on the day, down 3 cents.<= /o:p>


·        
Soybean futures are also lower down 2 cents and soymeal down $=
3.90, while oil is still higher up .60 providing a mixed feeling in the bea=
n complex.


·        
Wheat futures are down 2 cents on the Kansas City market, whil=
e Chicago is down 2 and Minneapolis is down 1 cent.


·        
Live cattle futures are very strong, up $2.00 to $3.00 in 1 co=
ntract month, as feeder cattle seem to be leading the way
=


·        
Feeder cattle are up $4.00 in most contract months.=


·        
Lean hogs are up $.30 to $.80.

 

All opinions expressed in this commentar=
y are solely those of Water Street Advisory. This data and these comments a=
re 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 futu=
res and options trading and may
not be suitable for all investors.

= b>

www.waterstreet.org 

or 1-866-249-2528

 

 

Aaron Hodge | Market Associate
WATER STREET ADVISORY® | www.waterstreet.org
(309) 680-1200 | ahodge@waterstreet.org

Past performance is not indicative of f=
uture results. The information contained in this report is intended for inf=
ormational purposes only and is the opinion of
the writer and may change at any time. This information was compiled from =
sources believed to be reliable but accuracy cannot be and is not guarantee=
d. There is no warranty, expressed or implied, in regards to this informati=
on for any particular purpose. There
is SIGNIFICANT RISK involved in trading futures and or options on futures =
and may not be suitable for all investors. Investors should consider these =
RISKS and evaluate their suitability based on their financial conditions. N=
o one should ever consider trading
futures or options on futures with anything other than RISK CAPITAL. This =
information is provided freely and is NOT in the capacity of a trading advi=
sor. NO LIABILITY on the part of the author exists for any trading loss you=
may incur in the use of this information.
Information provided is not to be construed as an offer to sell or solicit=
ation to buy any commodity or security named herein.
<= /span>

The information contained in this e-mai=
l message is intended only for the personal and confidential use of the rec=
ipient(s) named above. This message may be an
attorney-client communication and/or work product and as such is privilege=
d and confidential. If the reader of this message is not the intended recip=
ient or an agent responsible for delivering it to the intended recipient, y=
ou are hereby notified that you
have received this document in error and that any review, dissemination, d=
istribution, or copying of this message is strictly prohibited. If you have=
received this communication in error, please notify us immediately by e-ma=
il, and delete the original message.
Water Street Solutions is an equal opportunity provider. Water Street Solu=
tions is an equal opportunity employer.

 


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