FI Evening Grain Comments 05/02/22

FI Evening Grain Comments 05/02/22

PDF Attached   Calls: Soybeans up 3-6, corn up 1-3 and Chicago wheat up 2-5.   US corn and spring wheat seeding progress fell short of expectations while soybeans were at an average trade guess, all behind their 5-year averages. US winter wheat ratings...
FI Morning Grain Comments 05/02/22

FI Morning Grain Comments 05/02/22

PDF attached   Good morning.   This morning lack of news and a higher USD coupled with improving US weather are pressuring CBOT agriculture futures. Many countries are on holiday today so a thin market could result in a choppy trade. WTI crude oil was down...
FI Evening Grain Comments 04/29/22

FI Evening Grain Comments 04/29/22

PDF Attached   Choppy trade today. Soybean oil was down sharply after Germany announced they are looking at cutting back on feedstock for biofuels in order to cool food prices. Soybeans were mixed and meal was higher in the front months. Corn ended mixed from...
FI Ag Commitment of Traders 04/29/22

FI Ag Commitment of Traders 04/29/22

PDF attached   No major surprises for the week ending April 26. During that period, we did see selling by money managers and that is reflected in the major contracts with exception of soybean oil (futures and options). Futures and options corn open interest was...