Home Market Market Watch Morning Outlook

Morning Outlook


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Overnight Highlights

  • Overnight markets have corn +4, soybeans +16, wheat +2 ¾, crude oil +.69, dollar -.52, gold +20.90 and the Dow -95.
  • Grain markets traded higher overnight led by a weak Dollar and Argentina weather.
  • Up to seven cargos of U.S. ethanol imports to China have been canceled due to their plan to raise import tariffs from 5% to 30%.
  • Look for funds to liquidate short corn and wheat position this week.
  • Friday funds sold 8,000 corn, 2,000 wheat, 10,000 soybeans, 5,000 meal and 3,000 oil. 

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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