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Morning Outlook


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Overnight Highlights

  • Overnight grain markets: Corn even ,  Soybeans +4 ¾, Wheat – ½, Crude +.32, gold +7.10, Dollar +.18, Dow futures -55.
  • Markets mixed overnight as focus is squarely on the USDA report at 11am CDT.
  • USDA’s FSA will also release acreage data today.
  • USDA weekly export sales report at 7:30am CDT.
  • EIA ethanol production was up 10K barrels/day from last week and stocks increased by 495K barrels to 21.3 million barrels.
  • Wednesday funds bought 7,000 corn, 2,000 wheat, 3,000 oil. Sold 2,000 soybeans, 2,000 meal.

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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