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Morning Outlook

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Overnight Highlights

  • Overnight markets have corn +1/2, soybeans even, wheat -1-3, crude oil +.50, dollar -.17, gold +6.0 and the Dow +78.
  • Mixed grain trade overnight. Technical buying continues to support the markets. Weather forecast should allow continued harvest progress.
  • USDA reported corn harvest 46% complete and soybean harvest 62% complete. Winter wheat planting is near average at 72% complete.
  • Yesterday funds were seen as buyers of some 9,000 soybeans, 2,000 wheat and were even on corn.

Commodity Weather Group Forecast

 

 

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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