Home Market Market Watch Morning Outlook

Morning Outlook


cid:<a href=image009.jpg@01CE6CE4.660D8B30“>

Overnight Highlights

  • Overnight grain markets: Corn +1, Soybeans +1, Wheat -1 ¼, Crude +.37, Gold -5.1, Dollar +.155, Dow futures +43.
  • USDA weekly export shipments: soybeans came in at 1,183,000 mt vs. trade estimates of 1 – 1.3 mt. Weekly corn shipments came in at 849,000 mt vs. trade estimates of 500,000 to 800,00 mt.
  • World stocks – Japan up +0.5%, China up +0.4%, Europe up +0.5%
  • USDA Crop Report this Friday at 11am CST.

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.

or 1-866-249-2528