US April NOPA crush falls below expectations 05/16/22

US April NOPA crush falls below expectations 05/16/22

FI PDF attached   NOPA reported the April US crush at 169.8 million bushels, 2.6 million bushels below an average trade guess of 172.4 million, down from 181.8 million during March and up from 160.3 million year ago. For the month of April, crush was second...
FI Morning Grain Comments 05/16/22

FI Morning Grain Comments 05/16/22

PDF attached   Good morning.   US agricultures futures are higher led by a surge in wheat. USD was 15 points lower and WTI off 65 cents. The morning weather forecast turned slightly unfavorable from Friday with a wetter bias for the northern Great Plains...
FI Evening Grain Comments 05/13/22

FI Evening Grain Comments 05/13/22

PDF Attached   Positioning ahead of the weekend, inflation concerns and risk off in grains created a mixed trade in US agriculture futures. We revised our US balance sheet to reflect a lower yield. It’s attached after the text (PDF). Private exporters reported...
FI Morning Grain Comments 05/13/22

FI Morning Grain Comments 05/13/22

PDF attached   Good morning.   Conab late yesterday corrected their Brazil 2021-22 production forecast to 114.6 million tons, not 116.2 previously reported. That is down from 115.6 million tons previous month (not up).     High protein wheat is...