Corn
●
Bullish read on report day, as we expected on US crop inventories decline.
Wheat
●
Plenty of wheat to be found globally, but US 15/16 winter wheat seedings lower.
Soybean
●
Decidedly bearish read from the USDA reports, as we expected.
Sugar
●
Prices remain squarely in a downtrend.
Coffee
●
Prices back above the psychological 180c/lb mark.
Cotton
●
Bearish USDA report as US cotton production registers higher than expected.
Feeder Cattle
●
After topping out in November, prices attempting to stabilise on still-tight supplies.
Live Cattle
●
Prices range-bound in 160-170c/lb area.
Lean Hogs
●
Hog prices oversold but bullish fundamental news is absent.