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Morning Outlook


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Overnight Highlights

  • Overnight grain markets: Corn -1 ½, Soybeans -7 ¼, Wheat -5 ¾, Crude +.41, Gold -.20, Dollar -.01, Dow futures -29.
  • The U.S. Dollar saw its largest monthly decline in January since 2016.
  • Today starts the simple daily average determination for crop revenue insurance prices for 2018.
  • January Cattle Inventory: All Cattle/Calves 100.7% vs. estimated 101.3%; Calf Crop 102% vs. 102% estimated.
  • KC wheat recorded an all-time record trading volume on Tuesday with 148,457 contracts.
  • Wednesday funds bought 4,000 corn. Sold 8,000 soybeans, 7,000 wheat, 4,000 meal, 1,000 oil.
  • USDA Weekly Export Sales this morning.
  • USDA Census Soybean Crush report this afternoon.

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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