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Midday Comments


Midday Update

* At midday corn is -10, soybeans -16, Chicago wheat -13, KC wheat -15, Minneapolis wheat -8, Dec cattle -3.850, Dec hogs -0.325.
* Trade feature today is the November USDA and WASDE reports. For global 15/16 ending stocks, the largest number came from corn coming in at 211.0 mmt vs the previous report at 187.3. Global wheat stocks came in slightly below the October estimate and analyst estimates. Soybean global ending stocks came in at 82.9 mmt vs the October report at 85.14 mmt
* From the previous world carryout report; soymeal dropped, soyoil increased, rice increased.

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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Past performance is not indicative of future results. The information contained 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 compiled 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 all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No 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 advisor. 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 solicitation to buy any commodity or security named herein.

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