Home Market Market Watch Morning Outlook

Morning Outlook


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Overnight Highlights

  • Overnight grain markets: Corn + ¾, Soybeans -2, Wheat -2 ½, Crude -.75, Gold -10.40, Dollar +.42, Dow futures -31.
  • USDA Weekly Wheat Rating G/E: 33% vs 31% last week and 54% last year. Kansas 13% vs 12% last week, Oklahoma 9% vs 8% last week, Texas 16% vs 14% last week.
  • Corn Planting Progress: 17% complete vs 5% last week and 27% average. Illinois 32% vs 4% last week and 40% average, Missouri 52% vs 16% last week and 51% average, Iowa 17% vs 0% last week and 27% average, Kansas 27% vs 15% last week and 35% average.
  • Soybean Planting Progress: 5% complete vs  2% last week and 5% average.
  • Monday funds bought 13,000 corn, 5,000 wheat, 1,000 oil. Sold 6,000 soybeans, 3,000 meal.
  • USDA March 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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Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK involved in trading futures and or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. This information is provided freely and is NOT in the capacity of a trading advisor. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. Information provided is not to be construed as an offer to sell or solicitation to buy any commodity or security named herein.

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