Home Market Market Watch Midday Update

Midday Update

SHARE

 

https://www.hoosieragtoday.com//wp-content/uploads//2015/04/image00922.jpg

Midday Update

·         The dollar is lower for the third day in a row after failing to reach to new highs this week and pressure from the jobs report.

·         Weakness in wheat continues driven by two things; weather and fund shorts. Weather outlook is cooperative in the plains while the funds continue to grow their short position to near record levels. Exports on wheat was disappointing, down 85% from previous week.

·         Corn futures are off 2-3 cents in spite of exports coming in on the high end of expectations.

·         Soybeans are off 5-7 cents. Old crop bean sales came in well above expectations and NOPA crush came in above expectations but the market is looking at reduced meal exports and strong domestic meal production.

·         Wheat futures are 2 cents lower in Chicago, down 7 in KC and down 4 in MN.

·         Live cattle futures are 30 cents higher in April.

·         Feeder cattle futures are $.70 to $1.00 higher.

·         Lean hog futures are recovering from yesterday, up 40 to 70 cents.

 

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.

https://www.hoosieragtoday.com//wp-content/uploads//2015/04/image01021.jpg

https://www.hoosieragtoday.com//wp-content/uploads//2015/04/image01121.jpg

https://www.hoosieragtoday.com//wp-content/uploads//2015/04/image01221.png

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

 



Indiana Farm Expo