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Morning Outlook

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Overnight Highlights

  • This past weekend, rains over Argentina and Brazil were in line with forecasts. Drier weather forecast for Argentina and S. Brazil over the next 10-12 days.
  • Commitment of Traders Report with options showed managed money: corn short 206,624 off 15,530; soybeans short 69,091 up 28,319; wheat short 145,735 off 7,843 – a record net short in the grains.
  • Weekly export inspections at 10am CST.
  • NASS closing soy crush report at 2pm CST.
  • USDA Report on Jan. 12th.

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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