FI Morning Grain Comments 05/15/23

FI Morning Grain Comments 05/15/23

PDF attached   Good morning.    USDA: Private exporters reported sales of 100,000 metric tons of soybean meal for delivery to Poland during the 2022/2023 marketing year.   US debt ceiling talks are progressing, and more meeting will take place this...
FI Grain Market Update 05/12/23

FI Grain Market Update 05/12/23

PDF Attached   USDA released their May S&D report   Reaction:  Bearish soybeans bias new crop, bearish corn, and friendly for wheat (US carryout bias). We are medium and long term bearish corn and soybeans and steady to moderately bearish wheat....
FI USDA S&D snapshot and USDA reports

FI USDA S&D snapshot and USDA reports

FI and USDA PDF’s attached   Few points   Global new crop ending stocks were above expectations for corn, soybeans, and wheat.   2022-23 Argentina soybean and corn production for 2022-23 was unchanged. Brazil 2022-23 corn production was upward...
FI Morning Grain Comments 05/12/23

FI Morning Grain Comments 05/12/23

PDF attached   Good morning.    USDA report day. Reuters convenience table is attached.     Soybeans turned mixed before the electronic close. Higher meal supported nearby soybeans. Soybean oil is slightly lower on follow through product...
FI Evening Grain Comments 05/11/23

FI Evening Grain Comments 05/11/23

PDF Attached   Under the 24-hour reporting system, USDA reported private exporters sold 132,000 tons of soybeans for delivery to unknown destinations during the 2023-24 marketing year.  Officials have not reached an agreement over the Black Sea grain export...