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Morning Outlook

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Overnight Highlights

  • Overnight grain markets: Corn +1 ½,  Soybeans +2 ¾, Wheat +1 ¾, Crude +.96, Gold -4.10, Dollar +.23, Dow futures +30.
  • Chinese soy imports are up 48% in November over October. Overall year-to-date imports are up from 74.92 MMT to 85.99 MMT.
  • South Korea bought 61K MT of optional origin corn.
  • Thursday funds sold 4,000 corn, 9,000 soybeans, 4,000 wheat, 6,000 meal. Bought 4,000 oil.
  • USDA Supply/Demand report next Tuesday, Dec. 12th.

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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