Tidbits
CBOT markets will not open until Monday evening.
NOAA released its monthly 3-month long-range outlook for the US, joining several private services predicting warmer temperatures for the summer and potential dryness for the Western Corn Belt.
Baker-Hughes reported there were 621 oil and gas drilling rigs in operation last week in the USA, 2 less than the previous week and 139 less than a year ago. Canada had 234 rigs drilling, 2 more than the previous week, but 14 less than a year ago.
CGB at Gladstone Bluff, Illinois (on The River) Friday evening compared to a week ago:
Cash corn: -16H (Mar), 2¢ firmer than 4 weeks ago
Cash beans: -13H, 14¢ firmer than 4 weeks ago
March delivery:
Corn: -12H, 4 weaker than 4 weeks ago
Beans: -6H, steady
Fall delivery:
Corn: -40Z
Beans: -42X
Seasonals & Puts
For those of you that have no interest in trading cocoa puts, the decision-making process of when and which puts to buy is the same for every commodity.
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