Soybeans down 2-6
Meal $0.50 to $1.50 lower
SBO down 20-50 (corrected in oil share could keep prices above water)
Corn off 1-3
Wheat steady/mixed with bias lower on light correction to KC prices
US weather was good over the weekend, but some drought areas of the Great Plains missed out of on rain. Egypt’s stocks for wheat are good enough for 5 months so don’t expect any upcoming import tenders. Turkish elections are tight, and Argentina is expected to increase interest rates (+600 points to 97% expected). Black Sea negotiations are ongoing and couple reports over the weekend were positive.
World Weather INC.
Senior Commodity Analyst – Grain and Oilseeds
One Lincoln Center
18W140 Butterfield Rd.
Oakbrook terrace, Il. 60181
ICE IM: treilly1
Skype IM: fi.treilly
The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions. This communication may contain links to third party websites which are not under the control of FI and FI is not responsible for their content.
Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. Futures International, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results.