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Midday Update


Midday Update

* At midday has corn +3, soybeans +6, wheat +6, Dec cattle -1.125, Dec hogs +.10.
* USDA report private sale of 4.4 mln bushels of soybeans to China.
* Expected heavy rains in eastern Australia in the coming days have analysts concerned that the eastern grain belt crops could face potential damage and quality concerns for harvest. More rains are also expected over the next couple of days in Texas and other southern states where flooding has already been occurring.
* China’s soybean imports are likely to reach 22 million tons in the fourth quarter, up 18 percent on a year ago, an official think-tank said, indicating healthy demand; the projected import volume, largely from the United States, is still down on 24.54 million tons imported during the third quarter.
* Argentine farmers are expected to harvest 9.5 million tons of wheat in the 2015/16 crop year, the Buenos Aires Grains Exchange said in its first wheat production forecast of the season; Argentine wheat production was 11.75 million tons in the previous season.

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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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 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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