Home Market Market Watch Midday Update

Midday Update


Midday Update

* At midday, corn is +9, soybeans are +9, Chicago wheat is +10, KC wheat is +8, Minneapolis wheat +4, May feeders -.850, Jun fat cattle -1.075, May hogs -1.250.
* EIA Fuel Ethanol Production changed by -37,000 bbl down to 938,000 bbl/day and Ethanol stocks changed by +.1 mln to a current 22.3 mln bbl. Crude Oil inventories grew by +6.63 mln bbls; stocks grew to 536.53 bbls. The expectation was at an increase of +1.85 mln bbls.
* USDA announced a private sale of 110,800 mt of corn sold to Japan for the 15/16 MY.
* Grains on their way up again today as funds have been noticeable of exiting short positions the last couple of days. Current corn/soybean ratio is currently at 2.50.

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