FI Evening Grain Comments 09/13/22

FI Evening Grain Comments 09/13/22

PDF Attached   US inflation data was released, and traders were surprised with core inflation, namely food and energy prices.     A US rail strike, if launched early Friday, is expected to cripple parts of the US economy, but not a majority of it as...
FI Morning Grain Comments 09/13/22

FI Morning Grain Comments 09/13/22

PDF attached   Good morning.   Key US inflation data was released, and several markets sold off and/or gave up some gains. Soybeans are seeing follow through buying from the bullish USDA report, but gains are limited from a rally in the USD. Corn and wheat...
FI Evening Grain Comments 09/12/22

FI Evening Grain Comments 09/12/22

PDF Attached   USDA caught many off guard. But crop conditions were off as well.  Look for a choppy Tuesday trade. While we are bullish corn and soy, don’t discount profit taking.   US crop conditions are down one point, but we think its late for...
FI Morning Grain Comments 09/12/22

FI Morning Grain Comments 09/12/22

PDF attached   Good morning.   Mixed trade ahead of the USDA report. Soybeans are higher in part of a large drop in the USD and higher crude oil. Soybean meal and oil are higher for that reason as well. Grains are mostly lower after good US weekend rains and...