Calls:
Soybeans 2-6 lower
Soybean meal $1.00-3.00 lower
Soybean oil 20-40 points lower
Corn 1-3 lower
Wheat 2-5 lower
WTI crude oil is lower by little over $1.10. USD was near unchanged. US equities are slightly lower. Paris wheat traded down 0.4% to 287.50 euros, near a 10-month low. Russian wheat prices for the Black Sea region eased from the previous week by $1.00/ton to $305 per ton. Egypt seeks corn on January 19 for Feb 10-25 shipment. Egypt’s GASC also sold about 300,000 tons of wheat via the new Egyptian Mercantile Exchange since its November launch. Last week Turkey bought 24,000 tons of sunflower oil for February 15 to March 20 delivery at $1,218.80 to $1,228.80/ton. A Reuter poll calls for the Brazil soybean crop to end up near a record 153 million tons, up 2 million from the previous months poll. The highest estimate was 154.1 million tons and lowest 150.1 million.
Terry Reilly
Futures International
One Lincoln Center
18W140 Butterfield Rd.
Suite 1450
Oakbrook Terrace, Il. 60181
W: 3126041366
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