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Morning Outlook


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Overnight Highlights

  • Overnight grain markets: Corn unchanged, Soybeans +8, Wheat +4-8, Crude +.35, Gold -2.9, Dollar -.10, Dow futures +151.
  • Mixed overnight trading and volume has tightened up compared to the last few sessions.  Markets are looking for the next headline to see if Chinese demand is affected by tariffs.
  • In NASS’s first crop rating release of the year, the winter wheat crop is rated at 32% GD/EX, down from 19% from last year.  US HRW is at some of its lowest ratings in over 20 years.
  • US Plains weather forecast remains a concern with variations in temperatures and limited chances of moisture in the next couple of weeks.
  • Weather looks to hinder field work and planting through much of the month of April according to most forecast as cool/wet weather dominates the corn belt.

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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