Home Market Market Watch Midday Update

Midday Update


Midday Update

* At midday, corn is -1, soybeans are even, Chicago wheat is +3, KC wheat is +1, Minneapolis wheat is even, Mar feeders +1.700, Apr fat cattle +.600, Apr hogs -1.200.
* CME Group released a statement that futures and livestock option trading hours will be reduced to align with the period of greatest liquidity in these markets. Effective Monday, Feb 29th, and pending CFTC approval, CME Globex futures and options will trade 8:30 am to 1:05 pm CT Monday to Friday.
* USDA reported a private sale of US corn sold to Japan for the 16/17 MY.
* U.S. Federal Reserve Chairman reiterated a gradual rate rise for US interest rates. They expect near term inflation to remain low and are reasonably stable, but at the low end of the spectrum.
* Cash sources indicated packers have moved their bids up to $134 in Texas, up $2 from yesterday.

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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