FI Morning Grain Comments 05/23/23

FI Morning Grain Comments 05/23/23

PDF attached   Good morning.    WTI crude oil was up 81 cents and US up a strong 39 points. Grains are higher on light fund buying led by the corn and MN wheat markets. US weather outlook has not changed much of that of yesterday and net drying is still...
FI Evening Grain Comments 05/22/23

FI Evening Grain Comments 05/22/23

PDF Attached   Calls are objective. Two-sided seen. US winter wheat conditions improved two percentage points, as expected by FI. Soybean plantings and corn were near expectations, but spring wheat needs to catch up. We don’t see a planting issue for summer...
FI Morning Grain Comments 05/22/23

FI Morning Grain Comments 05/22/23

PDF attached   Good morning.    USDA: Private exporters reported sales of 225,000 metric tons of soybean cake and meal for delivery to the Philippines during the 2022/2023 marketing year.   US debt ceiling talks are ongoing. We expect a resolution...
FI Evening Grain Comments 05/19/23

FI Evening Grain Comments 05/19/23

PDF Attached   Attached are our updated US corn & wheat balance sheets. We lowered our corn crop year average for 2022-23 from $6.30 to $6.00. 2023-24 wheat was left unchanged.   Grains and the soybean traded two-sided on Friday, ending lower. The US...