Home Market Market Watch Midday Update

Midday Update


Midday Update

* At midday has corn +2, soybeans +7, Chicago wheat +13, KC wheat 11, Minneapolis wheat +7, Dec cattle -3.000, Dec hogs -.800.
* Linn & Associates has come out with production estimates, pegging corn yields at 165.6 for a crop of 13.334 vs. September USDA at 168.0 BPA and 13.554 billion bushels. Linn Soybean yields were 48.0 for a crop of 3.942 vs. the USDA at 47.2 BPA and 3.887.
* Average guess for corn are 168.2 and carryout of 1.597 billion bushels vs. September 1.561 billion bushels. Soybeans 47.5 and carryout of 435 vs September 425 million bushels.
* USDA said two other Tyson facilities from Waterloo, IA and Logansport, IN will join the list of 7 eligible warehouses and plants allowed to export eligible meat to products to China.

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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