FI US Ethanol Snapshot 06/28/23

FI US Ethanol Snapshot 06/28/23

PDF attached   EIA weekly ethanol production was unchanged from the previous week and stocks increased 175,000 barrels. The trade was looking for production to be down 7,000 thousand barrels and stocks off 49,000 barrels to 22.755 million.      ...
FI Morning Grain Comments 06/28/23

FI Morning Grain Comments 06/28/23

PDF attached   Good morning.   USDA: Private exporters reported to the U.S. Department of Agriculture export sales of 170,706 metric tons of corn for delivery to Mexico. Of the total, 21,340 metric tons is for delivery during the 2022/2023 marketing year and...
FI Evening Grain Comments 06/27/23

FI Evening Grain Comments 06/27/23

PDF Attached includes FI’s snapshot for USDA’s June 30 reports.   North American weather forecast was the main focus today. US agricultures futures were lower (exception soybean oil) after the morning models called for additional precipitation for the...
FI Morning Grain Comments 06/27/23

FI Morning Grain Comments 06/27/23

PDF attached   Good morning.   US agricultures futures sank overnight on improving weather after about opening as expected post USDA crop progress report. Positioning ahead of the June 30 reports is starting to ramp up. WTI crude oil was $0.51 lower earlier....
FI Evening Grain Comments 06/26/23

FI Evening Grain Comments 06/26/23

PDF Attached   USDA crop ratings declined for corn and soybeans. For corn, they were down 5 points, lower than expected, to lowest in decades for this time of year (1988 lowest). Soybeans were down 3 to 51, the lowest since 1996. The trade looked for US G/E corn...