Home Market Market Watch Morning Outlook

Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn +1 ½, Soybeans -2 ¼, Wheat +1 ¾, Crude -.05, Gold -.40, Dollar -.08, Dow futures +92.
  • South Korea’s MGF bought 140K MT of corn in a tender.
  • Egypt’s GASC is in for more wheat, and likely to go to Russian sources.
  • According to U.S. Soybean Export Council Asia Director, Paul Burke, China is still considering curbing U.S. soybean imports.
  • USDA Weekly Export Sales Report this morning.
  • Hog & Pigs Report this afternoon.
  • USDA Grain Stocks and Prospective Plantings Report at 11am CDT.

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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