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USDA update


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USDA Update

·         At midday, corn is even, soybeans are even, Chicago wheat is -2, KC wheat is -1, Minneapolis wheat +1, Jan feeders -1.250, Feb fat cattle -1.200, Feb hogs -.650.

·         US ending stocks numbers came in close to trade expectations with very little change from the previous report. Global stocks grew slightly from the previous estimate.


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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