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Midday Update

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Midday Update

* At midday, corn is -1, soybeans are -3, Chicago wheat is -4, KC wheat is -5, Minneapolis wheat -3, Apr feeders +.600, Apr fat cattle +.350, Apr hogs -.100.
* USDA Export Inspections reported corn at 41.5 mln bushels vs. expected 33.5, Soybeans at 7.5 mln bushels vs. expected 14.7, and Wheat at 11.7 mln bushels vs. 12.9 mln bushels.
* Weather forecast for the next 10 days indicate a little bit of a slow start to field work or planting for the mid-west and delta states as cool/wet conditions will be in these areas.

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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