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Morning Outlook


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Overnight Highlights

  • In overnight markets corn -1, soybeans -4 ¼, wheat +1 ¼, crude -.50, gold -5.90, dollar +.18, Dow futures -8.     
  • January DDG production was reported by the USDA at 2.072 MMT compared to 1.905 MMT last year.
  • The USDA reported corn used for ethanol at 476.3 million bushels vs. 444.0 million bushels last year.
  • Soybean crush for January was reported by the USDA at 171 million bushels vs estimates of 169.9 million bushels.  January of 2016 came in at 160 million bushels.
  • USDA weekly export sales will be announced this morning.
  • Wednesday funds bought 12,000 corn, 8,000 soybeans, 7,000 wheat, 2,000 meal, 6,000 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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