Home Market Market Watch Midday Update

Midday Update

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Midday Update

* At midday, corn is -13, soybeans are -1, Chicago wheat is +2, KC wheat is +6, Minneapolis wheat +10, Apr feeders +.500, Apr fat cattle -.650, Apr hogs -.700.
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* Highlight is the amount of corn acres at 93.6 mln acres, well above trade expectations. Soybeans are friendly as well as wheat. Let the real acre battle begin now as the current bean/corn ratio is at 2.50 and may help hold corn here or rally despite the large acres.
* Export Sales this morning for corn were at 31.1 mln bushels and toward the bottom end of the range. Soybeans were at 10.0 mln bushels and a little below expectations, and wheat was at 11.7 mln bushels and within the range.

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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or 1-866-249-2528

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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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