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Morning Outlook


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Overnight Highlights

  • Overnight markets have corn -2, soybeans +3/4, wheat -3, crude oil +.74, dollar -.05, gold +2.0 and the Dow +14.
  • Mixed to lower markets this morning on continued harvest progress pressure balanced by short covering and Chinese interest.
  • Soybean basis at the river soft. Blamed for now on the record soybean harvest rather than demand considering the pace of loading at the Gulf.
  • USDA will release their monthly Cattle on Feed report Friday afternoon. Estimated On Feed at 101.3%.
  • Yesterday funds were sellers of 6,000 soybeans, 5,000 corn and 2,000 wheat.

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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