FI US Ethanol Snapshot 05/12/21

FI US Ethanol Snapshot 05/12/21

PDF attached   Weekly US ethanol production rose a large 27 thousand barrels to 979,000 barrels per day, highest since November 20, 2020, and stocks decreased 1.047 million barrels to 19.393 million, lowest weekly stocks figure since December 30, 2016. ...
FI Morning Grain Comments 05/12/21

FI Morning Grain Comments 05/12/21

PDF Attached   Good morning.   Funds continue to support the soybean complex while grains are mixed. Bull spreading a feature for corn on strong spot US corn export prospects.  The inflation story will not go away anytime soon.  US CPI (Y/Y) Apr:...
FI Evening Grain Comments 05/11/21

FI Evening Grain Comments 05/11/21

PDF Attached does not include daily estimate of funds   Technical buying supported prices.  July soybeans reached above $16 for the first time since 2012.  China bought another 680,000 tons of corn.  Wheat appreciated after seeing one of its worst...
FI Morning Grain Comments 05/11/21

FI Morning Grain Comments 05/11/21

PDF attached   Good morning.   Private exporters reported to the U.S. Department of Agriculture export sales of 680,000 metric tons of corn for delivery to China during the 2021/2022 marketing year.    CBOT agriculture futures traded lower...
FI Evening Grain Comments 05/10/21

FI Evening Grain Comments 05/10/21

PDF Attached   Risk off on improving weather and positioning ahead of USDA report.  Wheat was the hardest hit market after US hard red winter wheat areas and northern Great Plains saw rain over the weekend.  There were no major surprises in today USDA...